Quote from: o48o on Today at 02:40:37 PM

Quote from: dimonstration on Today at 01:53:36 PM

Wait for the VC pull out their liquidity to take profit. Simply because there’s still a lot of juices entering on Solana ecosystem until now but it will be another hard crash again if the correction on Bitcoin becomes harsh soon. There’s some project like this in the past which show strength even on bearish market such as Ethereum but suffer hard crash too when the general market turns to bearish.

Due to the recent airdrop opportunity. Solana ecosystem becomes popular again but I’m skeptical that VC will not take profit if the market becomes bearish again.

I am pretty sure another leg down would affect SOL as well, but i don't think it would as harshly as it would to others. And ETH didn''t show much strenght on this drop, so i can't imagine why it would with next leg down.

But right question is, why those SOL VCs haven't pulled it already from here, assuming they did that with every coin and token out there. Airdrops can't be the only reason. There have been successful airdrops in the past for others as well and recent price surge hasn't happened with SOL alone. So are there other reasons why only VC:s in SOL are late to the game?

And i am not sure what you mean with general market being bearish, but this dip was for general (crypto) market (except sol for some reason). So maybe you had other time frame in mind or other than crypto markets

Just today, after a rollback to $160, SOL rose to 180 (at its peak $185). In percentage terms, this is quite significant (12.5%), but in absolute terms, not so much ($20). The same can be said about the opposite situation with a drop in value. Of course, it all depends on how much SOL you have.
Most likely, the large influx of liquidity and, therefore, the cost of SOL was influenced by low fee's in the chain. You can quickly manage your funds with minimal losses (staking/restaking with more favorable conditions or APY). As they say Solana chain for degens, which I mean as a huge number of shitcoins, NFT flipps and airdrops as well.