Solana’s Price Volatility and Market Speculation Amid Decline
A look at the recent price trends and market developments surrounding Solana (SOL), as the cryptocurrency faces significant declines and market speculation.
Solana Mid-April Price Prediction: Can SOL Reclaim $150?
Solana (SOL) has seen a significant price decline over recent months, falling nearly 60% since its January peak of $293.31. As of mid-April, SOL is down 4.8% daily, 14.1% weekly, 11.6% in the last 14 days, 13.3% monthly, and 37.8% since March 2024. The overall cryptocurrency market has also slumped, potentially impacted by increased US tariffs imposed on several trade partners starting April 2.
Solana Whale Action Stirs Market Speculation
A Solana [SOL] whale has deposited 71,448 SOL (worth $8.54 million) to Binance, stirring speculation across the market. Despite this massive move, the whale continues to hold 568K SOL ($68 million) in staking, signaling confidence in the long-term value of the network. This has traders wondering whether a selloff is on the horizon, but technical and behavioral signals suggest a different narrative might be unfolding. Solana was trading at $118.74, down 4.41% in the last 24 hours.
Hyperliquid Debacle Highlights Centralization in Crypto
The recent Hyperliquid exploit has shown that crypto is still reliant on centralized systems, according to experts. Most centralized exchanges and DeFi protocols operate on models relying on “implicit trust.” Analysts argue that crypto needs to build a native peer-to-peer framework that removes trust from the equation. On March 26, Hyperliquid suffered a whale manipulation event, resulting in $12 million in losses. The exchange delisted the affected perpetual futures and pledged to refund users. Kaiko Research noted that the price manipulation exposed cracks in Hyperliquid’s liquidation engine.
Solana Price Prediction: SOL Sliding, Focus on Mutuum Finance (MUTM)
Prices of Solana (SOL) are sliding to $131 amid fading momentum, with analysts predicting a potential fall toward $100. Macroeconomic tensions and recent U.S. tariffs fueling inflation fears contribute to the bearish sentiment. Amidst this, focus shifts to Mutuum Finance (MUTM), a surging DeFi lending venture seeing a 20% price rally as its fourth presale stage winds up.
