I have written an article about this recently. It is obvious that people are pricing what solana could be and not what it is. I would say wait a bit more, wait until there is a good project in the SOL ecosystem that people love to use, then get in early to both SOL and into that project if you want to, or just SOL if you want to. The reason why ETH stood strong on the huge drop we had at the start of the month (when bitcoin went from 52k to crash drop to 42k but recovered to 48k again a week later) because Axie was loved in ETH ecosystem.

So, when there is a project that everyone loves in an ecosystem that increases the value of the blockchain it is in. I believe SOL is overpriced right now, it should not be this high and it could be dropping more in the future, for the time being we should be focusing on what we can do with the future projects that happens in SOL.