My thoughts on the $SOL performance: - Solana went from $8 to $300, that's a 37.5x in 2 years - It was one of the only tokens to outperform Bitcoin - It was one of the only tokens to reach a new ATH in MARKET CAP and PRICE So why is it underperforming now? I believe that the underperformance is related to how aggressive its run was and the expectations for its future > Older holders sold/are selling > Lots of people trapped from $200 to $300 capitulating on every pump > Many think Solana can't replicate the conditions of January hence it won't reach new ATHs > The appearance of new players (Hyperliquid) that took away some marketshare from one of its key catalysts Here's the thing, Solana doesn't need to replicate a TRUMP memecoin launch to get to new ATHs, it can naturally come with adoption, network improvements and maybe finally an approval of better tokenomics (lower inflation) There may be better coins right now that offer quicker gains but SOL will have its day again
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