The biggest reasons why a token goes up or down is because of mindshare, usage and supply shock.
Let's discuss each for $SOL
1. Mindshare: SOL became the largest bet for meme coin degens, which is why SOL could surpass its ATH before any other altcoin in the top 10.
With hype around meme coins subsiding and mindshare shifting towards dino coins, and AI agents - it has become a question if Memes will make a comeback.
๐๐๐๐ซ ๐๐ฎ๐ข๐ฅ๐๐๐ซ๐ฌ,
Choose the security, liquidity and decentralisation of Layer 1 #Bitcoin ๐ง
Choose a protocol that's also unlocking siloed liquidity from other major L1s. ๐
Choose a protocol that doesn't require bridging assets to L2s. ๐ค
Choose @tap_protocol ๐ฐ