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The current price of Solana (SOL) is approximately 180 USD, and many people are pondering whether this is a suitable price for long-term holding. As a long-term participant actively involved in the Solana ecosystem, I would like to share some personal insights.
Currently, Solana faces significant selling pressure from decentralized exchanges. It is worth noting that some investors who have performed well in the meme coin market are also starting to gradually exit.
Interestingly, we observed a paradox: the more active the meme coin market on Solana, the more it may negatively impact the price of SOL itself. This phenomenon indicates that there are some imbalanced factors within the ecosystem.
Another important factor to pay attention to is that many meme projects' development teams hold a large amount of SOL themselves. If these teams lose confidence in the ecosystem and choose to withdraw, it could lead to greater selling pressure.
For Solana, the key to maintaining or even increasing its price lies in whether the Solana Foundation can attract large funds or institutional investors to enter the market to offset the current selling pressure. One potential strategy is to encourage these institutions to invest by locking up SOL.
If there are more investors in the market willing to hold SOL for the long term without easily selling, the price will naturally trend upwards as supply decreases and demand remains stable.
For investors considering long-term holding of SOL, closely monitoring the developments of the above factors will be crucial. These trends may have a significant impact on the future price movement of SOL.
Overall, the healthy development of the Solana ecosystem will be a key factor in determining the long-term trend of the SOL price. Investors should consider these complex market dynamics comprehensively, rather than just focusing on short-term price fluctuations.