Solana Cools Off After Massive Growth Spurt
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Solana (SOL) has plunged 33% in 2 weeks after reaching an all-time high of $126.30 on December 25th. This follows a period of massive growth.
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Activity and hype around meme coins like JTO, BONK, and Dogwifhat on the Solana network initially drove prices up but have since cooled off.
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Lesser-known tokens like POPCAT and CHIPI have crashed over 90% from their all-time highs.
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Max Keiser believes the "Solana rug pull has begun", predicting further declines.
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Technical analyst Pentoshi expects Solana to drop as low as $70, presenting a future buying opportunity.