Price crashes by about 16% and reaches nearly $14.
Amidst Epoch 370 and FTX meltdown, the Solana ecosystem threatens to implode.
The FTX turmoil shakes SOL and TVL plummeted nearly 33%over the past 24 hours.
The domino effect is playing out as the Solana ecosystem may fall to pieces, and now the scheduled Epoch 370 is punching it to the ground. The Epoch 370 will release about $1 billion SOL into the market.
Once this is executed, it will crowd the market with millions of tokens into a space already facing sunken demand.The impact of this could be ruinous for the digital asset’s price. The bears will likely continue to hold the market hostage and drag the price.
The char-t-ale
Source: Tradingview
The prices fall with high velocity and continue to fall with heavy sell-offs. The demand is diminishing, and supply is about to flood the market; prices ought to fall. Heavy sell-offs are translating the negative sentiments of the Solana fans. It is observed to break all the previous supp
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