What's Behind the Solana Price Crash and How Does the Stacks Price Prediction Stack Up?

Solana's recent troubles stem from security issues and an impending token unlock, causing its price to dip below $140.

Solana price is crashing amid a major token unlock event and a series of hacks and scams that have dented trust in the network. Meanwhile, the latest Stacks price prediction suggests a mixed outlook for 2025.

Solana Price Crash Goes Below $140 As Token Unlock Looms

The Solana price crash has seen the coin drop below $140 and lose 45% of its value in just a month. A primary trigger is the upcoming token unlock on March 1, which will release 11.2 million SOL tokens worth $1.79 billion.

The majority of these tokens belong to FTX creditors, who are expected to sell them in bulk, putting significant selling pressure on the market. Moreover, reports link the Lazarus Group to the $1.5 billion Bybit hack and Solana-based scams like Pump.fun and the $107 million Libra token scam.

This has further dampened sentiment and contributed to the Solana price crash. However, despite the recent downturn, Solana's fundamentals remain strong. The network boasts high throughput and low transaction fees, attracting a vibrant developer community.

Crucially, the triple threat of a major token unlock event, a series of high-profile hacks and scams, and lower activity on the network has pushed Solana into a bearish 'death cross' pattern on the charts. This occurs when a shorter-term moving average crosses below a longer-term one, signaling a shift in momentum.

The implication of the 'death cross' is that sellers have gained control, which could drive Solana price to $110 if selling pressure persists. Alternatively, if buyers manage to intervene and push price above the 200-SMA at around $139, then a move towards $180 is possible.

However, given the pressing issues of a major token unlock event and a series of prominent hacks and scams, sellers appear to hold the edge in the short term.

This Is New

BlockDAG is setting a new benchmark in blockchain security by completing audits with both Halborn and Certik, two of the industry’s most respected security firms.

While Halborn’s audit has been finalized, Certik’s evaluation is ongoing, showcasing BlockDAG’s commitment to setting the standard for safety and transparency. This Double Security Boost approach is no mere procedural formality; it’s a proactive measure to ensure a secure and trustworthy ecosystem.

The Importance of Unwavering Security

The focus on optimal security is crucial for BlockDAG’s continued success. As the next big crypto contender, it’s aiming to revolutionize the blockchain landscape with its innovative technology and a vibrant community.

This rigorous audit process went above and beyond standard checks. Halborn’s team performed an in-depth assessment, covering smart contract integrity and eliminating any potential vulnerabilities.

Crucially, their evaluation also focused on identifying and mitigating any risks posed by external actors or malicious code. This multi-faceted approach is designed to forge an impenetrable shield around the BlockDAG network.

The Best Interest of the Community

This commitment to security is driven by a deep respect for the community that is rallying around BlockDAG. The project’s presale has already raised over $199 million and sold 18.5 billion BDAG coins.

Currently in its 27th batch, BDAG is priced at $0.0248, offering a remarkable 2380% ROI for early participants. The presale is now in its final stages, and the project is preparing for its upcoming listings on 10 major CEXs.

The Role of Audits in Attracting Developers and Liquidity

The enhanced security from these audits is expected to attract new projects, decentralized applications (dApps), and liquidity to the BlockDAG ecosystem.

Crucially, this will also encourage more developers to join the project and contribute to expanding its capabilities.

Key Takeaways

BlockDAG is setting a new standard in crypto security with audits by Halborn and Certik.

This dual-layered security strategy is designed to foster trust and confidence among developers and community members.

The project is also making waves with its presale, which has now raised over $199 million.

The presale is in its final stages ahead of the project's upcoming listings on 10 major CEXs.

As safety concerns diminish, expect to see an influx of new projects, dApps, and liquidity into the BlockDAG ecosystem.

With its robust framework and strategic audits, BlockDAG is well on its way to becoming the next big crypto to watch in 2025.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu