Solana manipulate, but can rise to $ 1,000

In January 2023, the exchange rate of Solana was only $ 8, after the FTX scandal was sold by millions and millions of assets, who are constantly buried the project. After that, however, nobody thought realistic that the Ethereum Killer Ecosystem would be the number one house of Memoins, and the native token of the project is almost $ 300.

Although $ Sol is still below the historic top of January, the 20%increase in the past week is a reason for trust. Galaxy Digital contributed considerably to this and bought more than $ 1.3 billion from the digital device last week. We have found whether this was a market manipulation or part of a long -term plan.

The institutional capital in the Momentum

When writing our article, Solana


Sol Price
(SOL) The exchange rate is around $ 245, after the Digital Financial Service Provider and Financial Capital Fund, Galaxy Digital, has conducted a Solana study of $ 1.35 billion. The transactions that can be observed on the basis of network data show that hundreds of Sol -sets have left several hundred million Coinbase is to Binance Your platform on ministries that can be linked to the above -mentioned company.

Thanks to an increase of 20.5%last week, Solana’s market capitalization exceeded $ 135 billion, with which he has set up a new peak. This is due to the fact that although the SOL change rate in January was $ 290, more and more shares were issued, which increased the offer. The previous record was $ 127 billion, so if SOL reached the exchange rate of $ 294, the device could achieve up to $ 180 billion in market capitalization.

As the X post of the Solana community says:

“The right application can take a maximum of one billion new users to the Solana network at the right time and everything is changing. The network is ready. And you?”

Manipulation or thorough strategy

The extraordinary volume acquisition not only brought a temporary exchange rate increase, but also offers you the opportunity to deeper institutional behavior. According to network data, Galaxy Digital has collected 5.82 million SOLS in just one week of the most daring Altcoin store waves in the crypto history. However, there is not only a simple investment in the background: centralizing demand for demand often causes artificial prices, reducing market facilities and increasing volatility.

This strategy essentially refers to the manipulation of the exchange rate, because the Galaxy Digital stood in the front line before the shop mass returned for the next wave. The performance of Solana was amazing in the first two weeks of September: +23.4%, while Bitcoin and Ethereum +6.92%and +6.45%increased. This suggests that the third phase of “Alteason” started when the biggest alternative crypto performs much better than the leading coins.

A market commentator said:

“They don’t buy at the top of the cycle. They catch up with something bigger.”

Fundaments behind Solana

However, it is important to note that the growth of SOL is not only due to the inflow of artificial capital. The total locked value of the ecosystem (TVL) exceeded $ 13.3 billion, which resulted in a new historical peak for popular decentralized protocols such as Jito, Cups or Raydium.

Although network activity is less than the peaks that are seen in the Memoin season, this is constantly increasing and trends clearly show that there is still a demand for the Solana Ecosystem of Institutional and Residential Parties.

When examining the SOL/USDT graph we can see that the average RSI is still only 54/100, which is far from the overheated condition that we saw, for example, at the end of 2021 and early 2024. As a result, the technical analysis believes that it is not unimaginable in the first round of $ 290-360 and then a $ 290-360. And even the most optimistic analyzes do not despise the Sol to exceed the exchange rate of a maximum of $ 1,000 in the next 3-6 months.

Nevertheless, it can be worthwhile to approach the digital device carefully, because the 30-fold increase in the past 2.5 years sounds incredible. Although we can reject another pump & dump story in Solana in front of our eyes.