Incredible, SOL has plummeted. Is now the golden time to buy bottom? After reading this analysis, you will have a clear idea! 1. The price of SOL is like a roller coaster, plummeting from high to low in just a few days, which is terrifying. The bankruptcy of FTX is undoubtedly the trigger for this storm, as its 11.2 million SOLs are about to be unlocked. The market is concerned that these chips will be sold by large institutions, leading to an imbalance between supply and demand. After the Meme coin craze subsided, the LIBRA team's withdrawal arbitrage event caused heavy losses for retail investors, resulting in a sharp decrease in trading volume on the Solana chain and a crisis of confidence. 2. In addition, with the rapid development of ETH's Layer2 ecosystem, transaction fees are on par with Sol, which greatly undermines Sol's competitiveness. The decline in trading volume has led to the failure of the on chain destruction mechanism, and inflationary pressure is increasing day by day. The market sentiment is sluggish, long-term holders are reducing their holdings, there are few new addresses added, and the market lacks fresh blood. 3. So, in the face of such a situation, can we bargain with SOL? Risk follows closely, and after unlocking FTX's SOL, institutional selling may trigger a new round of decline. Ecological restoration takes time and is difficult to recover in the short term. Technically speaking, SOL has fallen below the critical support level, and if it cannot stand firm, it may continue to decline. 4. But in the long run, if Sol can reshape ecological trust and enhance technological strength, its potential cannot be underestimated. Some institutions predict that SOL prices may reach a high of $300-350 by 2025. Therefore, it is recommended that investors reserve some positions and closely monitor on chain data and regulatory developments, such as key information such as TVL active addresses and SOL ETF approvals. 5. After reading this analysis, do you have a clearer understanding of SOL's path to bottom fishing? Come and share your thoughts in the comment section! If you are still confused about investing, why not follow me and I will continue to share cutting-edge information and practical strategies to help you seize every big opportunity!