What factors are influencing the latest Solana price drop, and how does the Stacks price prediction compare?

Solana’s struggles stem from security breaches and an approaching token unlock, leading to its price decline below $140.

Solana price is struggling to stay afloat as it falls below the $140 level, losing over 45% in a month. This downturn is linked to several factors, including an approaching token unlock and a series of high-profile security breaches that are affecting confidence in the network.

Solana Price Drops As March 1 Token Unlock Looms

The main topic of discussion remains the upcoming token unlock on March 1. About 11.2 million SOL tokens, valued at $1.79 billion, will be released from the FTX estate, setting the stage for a potential selloff.

Given that FTX creditors are seeking to maximize returns, they might sell off a large portion of these tokens, putting immense selling pressure on SOL price. This could drive the coin to lower lows, especially if technical levels break.

Moreover, reports of the Lazarus Group being involved in the $1.5 billion Bybit hack and Solana-based scams like Pump.fun and the $107 million Libra token fraud have denigrated the network.

While institutions are investing in Solana, these scams could be deterring retail investors, leading to decreased activity on the network.

Solana price is now testing the $138 support, but a break could open the door for a fall to $110. Technical indicators like the ‘death cross’ pattern also suggest that the short-term outlook is bearish.

If selling pressure continues and technical levels give way, a move to $110 wouldn't be surprising. However, if buying strength emerges, setting off a ‘golden cross’ pattern, then a recovery towards $170 is possible.

But for now, the balance of power tips towards sellers, setting up a crucial few months as we observe whether Solana can stabilize or faces further decline.

Next emerging cryptocurrency project BlockDAG is setting itself apart with a unique approach to safety and security, having engaged both Halborn and Certik for comprehensive crypto presale project audits.

This two-layered safety strategy, named Double Security Boost, goes beyond typical procedures to fortify smart contract dependability and identify any potential security weaknesses within the project.

This enhancement of standard security protocols throughout the project highlights BlockDAG as a notable up-and-coming crypto project to monitor in 2025.

BlockDAG Sets New Standard With Dual Security Audits

BlockDAG is aiming to set a new standard for blockchain safety with security audits from two well-known firms in the industry: Halborn and Certik. This dual-audit strategy goes above and beyond conventional assessments, aiming to both secure its smart contracts and eliminate any vulnerabilities that could be exploited.

By prioritizing security at this level, BlockDAG is positioning itself to emerge as a strong competitor in the ever-evolving crypto market.

"We are committed to building a transparent and trustworthy project that is open to scrutiny," said a spokesperson for BlockDAG. "These audits are a testament to our dedication to creating a secure and reliable platform for our community."

BlockDAG's initiative to engage in such a broad-ranging audit program highlights a broader shift within the crypto industry. As dApps and DeFi protocols become increasingly complex, the demand for robust security measures is paramount.

This is especially pertinent in the wake of high-profile breaches and scams that have affected the crypto ecosystem.

Halborn's audit has already completed its work, focusing on examining and verifying BlockDAG's smart contracts to ensure their stability and functionality.

The audit report, which is publicly available on Halborn's website, details the methodologies used and the findings of the audit. No critical vulnerabilities were found in the smart contracts, and the overall architecture of the project was deemed to be sound.

Certik's review is still ongoing and will provide an independent evaluation of BlockDAG's codebase, network security, and economic model.

Certik's audits are known for their comprehensive scope, covering multiple aspects of a project to assess its overall risk profile.

This multi-layered security approach is designed to foster trust among developers, the wider crypto community, and users. By inviting two respected firms to scrutinize its project fully, BlockDAG aims to assure everyone that it has nothing to hide and that its project is fundamentally sound.

This contrasts with other projects that might prefer to remain opaque or perform minimal audits to avoid scrutiny.

The Impact of Audits and Final Stages of Presale

The impact of these audits is expected to be multi-faceted. Not only will it enhance the project's reputation for safety and transparency, but it could also attract new projects and dApps to deploy on the BlockDAG network.

Liquidity is also expected to flow into the ecosystem as institutions and traders view the project favorably.

Moreover, having no critical vulnerabilities detected is likely to boost the morale and enthusiasm of the community, leading to increased participation in the project.

The project's crypto presale continues to set records, having raised