Solana News: SOL Faces Market Turmoil Amid Scandals, But Investors Eye Potential Rebound and Rollblock’s Presale Success

Solana Whales Offload Holdings Amid LIBRA Scandal; Investors Turn to RBLK

Recent scandals in the crypto industry, including the LIBRA scandal in Argentina, have led to massive liquidation from Solana investors, causing a decline in trading volume and a drop in the SOL price. Meanwhile, Rollblock’s ongoing presale has been attracting investors with guaranteed gains, raising over $10.7 million in its tenth stage.

Solana Price Trend Hints at Potential Rebound Soon.

Solana (SOL) was one of the hardest-hit cryptos this week, witnessing a recent breakdown to around $130. Over the last 30 days, SOL suffered a 41% drop in trading value. Currently hovering around $140 with lesser signs of further dips, analysts attribute the recent plunge to reduced on-chain activity.

Solana Price Finds Support at $120 Amid Market Correction

Solana price is facing turbulence as the SOL token finds support at the $120 mark. A 40% drop in weekly active addresses and a 29% price plunge over the past month has left SOL grappling with skepticism. The collapse of meme coins like Libra has accelerated the erosion of trust. Meanwhile, DTX Exchange is drawing investors to its presale with a 200% profit guarantee at listing.

DTX Exchange Soars 800% in Presale, Potential Major Disruptor

Despite the volatile market, Ethereum has stayed dominant, but Solana’s ecosystem expansion is not capturing attention due to recent SOL price corrections. Meanwhile, the DTX Exchange has seen an 800% presale surge, with the initial $0.02 offering jumping to $0.18. With a 2x target listing price of $0.36, significant returns could be guaranteed for early investors. DTX has raised $15.2 million with over 720,000 wallets already participating in its presale. As uncertainties surround a Solana ETF, DTX could emerge as the next major disruptor in the trading space.