GuShiio.com Original author: 0xDecision, chain analyst
Compiled by: zhouzhou, BlockBeats
Editor’s note:This article analyzes the impact of tokens such as SOL, TRUMP, LIBRA, and MELANIA on the market, pointing out that these projects contributed to the collapse of the Solana ecosystem. In particular, the token promotion and bidding of Trump and his wife have caused significant losses to investors. In addition, it is expected that SOL will unlock a large number of tokens on March 1, 2025, which may cause the price to drop significantly. The article also mentioned that the encryption market is facing a large number of problems such as fraud and hacking, but the stablecoin index is still rising.
The following is the original content (the original content has been compiled for ease of reading and understanding):
I spent more than 10 hours analyzing what happened in SOL, TRUMP, LIBRA, and MELANIA destroyed the chain, and there is only one decision that has turned the market around, which is what you can do to protect your money before a crash.
Solana is a particularly fast blockchain that is suitable for application and encryption projects.
·It is built for speed and low cost, making transactions fast and cheap.
·Currently, SOL is in trouble due to a number of issues.
A month ago, SOL prices were around 270 and have now fallen by 30%, which could be the beginning of the upcoming plunge. I looked up all the facts and the results shocked me…
U.S. President Trump launched TRUMP’s meme coin, and SOL is hitting a new high. His actions hurt the entire market and caused chaos. After the launch, funds began to flow from other meme coins to TRUMP. In the first week of TRUMP meme’s release, hundreds of Trump’s wallets sold more than $2 billion in TRUMP. This led to the collapse of charts and the withdrawal of investors, which was the trigger for the collapse of the Solana ecosystem.
After seeing how easy it was to withdraw money, Trump’s wife launched MELANIA meme, which was even worse than TRUMP. Investors lost more than 90% in the first 12 hours, while the team withdrew more than $500 million.
On March 1, 2025, the largest SOL token unlock will occur. About $2.2 billion in tokens will be released, which will cause prices to fall sharply and many investors holding long positions will sell to lock in profits, triggering a massive squeeze.
A week ago,@JMilei promoted a huge scam on Twitter. He also shared the contract address of the scam token multiple times on Instagram. The market value of the token soared from $10 million to $4 billion in just one hour, but quickly collapsed again in a few hours to $100 million.
Never before has there been so much fraud occurred in this cycle, and it is now carried out so openly. One in three celebrities without money is talking about cryptocurrencies and launching tokens on SOL. Then, within a few days, they pulled out the token-99%, and did it under everyone’s noses, and these events were so frustrating that people could not believe.
The largest hacking attack in cryptocurrency history led to a sharp decline in ETH. Bybit was hacked and $1.5 billion in ETH was stolen, which was a huge loss. Hacking attacks always hurt markets and people’s confidence.
On the other hand, the stablecoin index, which shows how much new money has entered the crypto market, remains well below its level in previous cycles. Currently, it has just begun to rise.
Overall, the situation is not as bad as it appears, but the truth is: we are in a stage of mistrust. Moments like these are often the best opportunities to learn new skills and improve yourself before markets pick up so you can be a winner at the end of the cycle.
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