It's over for Solana, Worse than the FTX collapse will happen.
It's over for Solana Worse than the FTX collapse LIBRA and MELANIA charged everything : Here’s what went down and what’s next...👇
It all started a month ago when the US President launched a meme coin Trump’s team picked Solana for it The first 24 hours were glorious — both TRUMP and SOL kept breaking all-time highs
But the fun didn’t last long Twenty-four hours after $TRUMP launched, MELANIA was deployed. Naturally, people sold #TRUMP to jump on the new coin, crashing the old one’s price. At the same time, insiders and the team extracted hundreds of millions from the launch.
The launch of TRUMP opened a Pandora's box
Crime is now perceived as legal — that's what everyone has in mind. First up was CAR, launched by the Central African Republic’s President, FA_Touadera. Within a day, millions vanished, and $CAR went straight to near-zero.
No one expected much from a small country like that (GDP Rank: 162)
But the public took it seriously when JMilei, Argentina’s president, promoted a coin.
Two days ago, he introduced LIBRA as a project to support businesses in Argentina.
The LIBRA launch was chaos
It hit $4B market cap in two hours — then crashed to $200M. Retail got wrecked. Insiders made $100M+ Milei’s tweet got deleted. Turns out, he wasn’t that involved.
It raised many questions from the public, and we did get answers.
The coin was launched by KelsierVentures, who went on an interview with coffeebreak_YT today and admitted to several allegations, in short:
- Withdrew 100m+ from the liquidity pool. - Used insider information to snipe the launch. - Used and spread insider information to KOLs and teams. - Was also involved in insider trading/Sniping of MELANIA
This past month showed how bad things are on Solana’s meme scene. Mostly, it’s insiders making money while everyone else loses. Today, the $SOL price began responding to this sentiment.
People are pissed — and they should be This will hurt SOL short term. But this isn’t new. Scammers used Solana for NFT rugs in 2021-22 and #memecoins in 2024. Still, this industry forgets quickly; the casino gets rebranded and keeps going.
From the start, Solana had one major edge: a huge, loyal community. That helped it rebound after the FTX collapse and climb into the top five altcoins in two years. It was “dead” once before, but came back stronger.
What’s next for Solana?
In the short term, it will lag behind other top 10 coins (especially with the February unlocks coming), and likely won't reach new highs this cycle.
But long term, #solana will stay among leaders: - Biggest community in crypto - Most user-friendly chain - Genius marketing - Talented devs building on the chain - A Solana ETF could be coming soon
$ETH BELOW $2000 This chart tells me 3 simple things: 1. A major bullish trendline is now broken 2. Wicks like these always get filled 3. A double bottom is almost always taken out
My major targets for $ETH remain at $1600-1800 Either it happens this month or next month doesn’t matter, I’ll only look to buy any $ETH when those targets are met.
It’s a game of percentages and the only way to optimise that is buying low, the smallest of differences make the largest of percentages.
BTC headed down to $86,000 by mid Jan 2025 before reversing up
BTC completed Wave 3 of its impulse wave in mid December. The wave started back in August 2024 (see orange numbers). It is now pulling back in Wave 4 in a typical ABC correction, having completed sub wave A and more than halfway through sub-wave B. Once it tops sub wave B by first week of Jan, it will move down in Wave C all the way down to $86,000. (see blue letters) Once Wave 4 is completed, it will reverse to complete Wave 5 with a top of 115,000 by mid February 2025 $BTC
BTC headed down to $86,000 by mid Jan 2025 before reversing up
BTC completed Wave 3 of its impulse wave in mid December. The wave started back in August 2024 (see orange numbers). It is now pulling back in Wave 4 in a typical ABC correction, having completed sub wave A and more than halfway through sub-wave B. Once it tops sub wave B by first week of Jan, it will move down in Wave C all the way down to $86,000. (see blue letters) Once Wave 4 is completed, it will reverse to complete Wave 5 with a top of 115,000 by mid February 2025 $BTC
The price of Ethereum (ETH) has been experiencing a decline, which can be attributed to various factors. To understand whether the price will go back up, let's examine the current market trends, technical analysis, and fundamental factors influencing Ethereum's price.
Current Market Trends:
1. Bearish sentiment: The overall cryptocurrency market has been experiencing a downturn, with many assets, including Ethereum, facing selling pressure. 2. Global economic uncertainty: The current global economic climate, with rising inflation, interest rates, and geopolitical tensions, has led to a decrease in investor appetite for riskier assets like cryptocurrencies. 3. Regulatory uncertainty: The lack of clear regulations and guidelines for cryptocurrencies has created uncertainty, which can negatively impact investor confidence and, in turn, the price of Ethereum.
Technical Analysis:
1. Trend lines: Ethereum's price has been following a downward trend line, which may indicate a continuation of the bearish trend. 2. Support and resistance levels: The price has been struggling to break through key resistance levels, such as $1,800, while support levels, like $1,500, have been tested multiple times. 3. Indicators: Technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are currently indicating a bearish trend.
Fundamental Factors:
1. Adoption and usage: Ethereum's adoption and usage have been increasing, with more developers building on the platform and more users interacting with decentralized applications (dApps). 2. Technological advancements: Ethereum's transition to proof-of-stake (PoS) and the implementation of sharding are expected to improve the network's scalability, security, and usability. 3. Competition: The increasing competition from other smart contract platforms, such as Binance Smart Chain and Solana, may impact Ethereum's market share and price.
Will Ethereum's price go back up?
While it's impossible to predict the future with certainty, there are several factors that could contribute to a potential price increase:
1. Improved fundamentals: As Ethereum's adoption and usage continue to grow, its fundamentals may strengthen, leading to increased investor confidence and a potential price increase. 2. Technological advancements: The successful implementation of Ethereum's upcoming upgrades, such as the Merge and sharding, could improve the network's scalability and security, making it more attractive to users and investors. 3. Market sentiment: A shift in market sentiment, driven by positive news, regulatory clarity, or increased adoption, could lead to a reversal of the current bearish trend.
However, it's essential to remember that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Ethereum's price may continue to decline or experience significant fluctuations before potentially recovering.
In conclusion, while there are factors that could contribute to a potential price increase, it's crucial to carefully consider the current market trends, technical analysis, and fundamental factors influencing Ethereum's price before making any investment decisions. $SOL