SOL Down 16%, as Polymarket Bettors Believe Solana’s Slump to Continue in March
- Solana (SOL) has fallen almost 20% in the past week to US$115.25, with betting markets indicating a 64% chance it will hit $100 by March end.
- Memecoins across the board are losing favour following scandals, with even Trump’s token (TRUMP) dropping 87% from its January all-time high.
- Memecoin platform Pump.fun has seen daily active users decline by over 50% to 169,000, compared to nearly 390,000 in February.
- Despite short-term bearish sentiment, analyst Crypto Patel suggests SOL could eventually reach US$500, with pending approval of Solana ETFs by the new SEC leadership.
The crypto market, like other major financial markets, is currently on a downward trend. And Solana (SOL), the sixth largest crypto by…
