Quote from: Jackl87 on Today at 12:03:34 PM

Solana took a massive hit during the whole FTX scandal and the following bankruptcy of FTX. Back then Solana dumped way harder than any other big crypto project (except the FTX token itself of course) mainly because Alameda Research and therefore FTX were the main investor of Solana. Then the panic of the other investors came and it dumped even lower. So it is no big surprise to me that Solana is now gaining a little more in the last few days were we have seen pretty nice gains in the entire crypto space.
I also think though, that this is not the start of a real bull run yet and that we are seeing at least a few setbacks before the bull really comes.

It's normal when someone who needs that much money and had that much SOL scared a lot of people. This was mainly because everyone thought that they would sell all of the SOL they had to pay for everything, and I am not sure if they actually did sell and that's why it dropped so hard or was it just the people who feared such a thing to happen, and that's why they sold and the price dropped that harshly.

I am not sure which one is the main reason for it but I am sure that it was definitely something that took some interest from people and it dropped hard. I do not see this recovery to be that legit neither, SOL hasn't shown anything promising so far, hence the increase is not justified in my mind.