Solana’s Rally Crashes—Here’s Why Traders Are Dumping Their Bags
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Solana’s latest pump turned into a dump as bulls got steamrolled by a wave of sell orders. The so-called ’Ethereum killer’ couldn’t hold its ground—classic crypto volatility strikes again.
What sparked the sell-off? A failed breakout above key resistance. Traders flipped from greedy to fearful faster than a DeFi rug pull. Now, SOL’s chart looks messier than a centralized exchange’s balance sheet.
Pro tip: In crypto, ’buy the rumor, sell the news’ often means ’buy the hype, sell the hope.’ Just ask the bagholders.
By:
http://www.coindesk.com/markets/2025/06/02/solana-dips-sharply-after-repeated-usd159-rejection-triggers-high-volume-sell-off
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