solana at 71.57 and down 19.8% over the last 7 days
that is not a dip, that is a repricing
24h is only -4.62%, so today looks calm next to the week
the l1 trade was always fees and users showing up
fees did not show up, the unlocks did
my read: sol holds this zone or the next stop is a lot lower
what would fix it: real fee growth and a bid that is not rotation
not adding here
#solana #sol
that is not a dip, that is a repricing
24h is only -4.62%, so today looks calm next to the week
the l1 trade was always fees and users showing up
fees did not show up, the unlocks did
my read: sol holds this zone or the next stop is a lot lower
what would fix it: real fee growth and a bid that is not rotation
not adding here
#solana #sol
