Could Solana Price Hit $120 After ‘Pump.Fun’ 4.1 M SOL Sell-Off? 📉
The Solana price experienced a significant rise in Q2, climbing from a low of $96 in April to $187 by mid-May, marking an impressive 93.5% gain over 46 days. This rally was met with a reversal by the end of May, with Solana's gains dropping by over 20% as it retested a key level at $144.
The sell-off event known as 'Pump.Fun' involved 4.1 million SOL offloading, which potentially impacted the price trajectory. Speculations arise on whether Solana can recover and hit the $120 mark amidst these fluctuating dynamics. Investors eagerly watch for market cues to determine the fate of SOL's price.
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