Nobody is doing the math on why Solana will likely never make a new ATH
- SOL peaked at $260 in November 2021 with roughly 340 million tokens in circulation
- Today there are 580 million SOL circulating. That’s 70% more supply than back then
- At $260 with today’s supply, Solana’s market cap would need to hit $150 billion. Back then it was only $78 billion
- That means Solana needs almost double the capital inflow just to reach the same price it already hit with less supply
- The single biggest catalyst Solana ever had was Trump launching a memecoin, a one time event that cannot be repeated or topped
- Inflation is still running at 3.78% annually, more and more supply which is being dumped
Solana needs to attract twice the money that created the last ATH just to print the same number on the chart, while the biggest possible catalyst already happened
- SOL peaked at $260 in November 2021 with roughly 340 million tokens in circulation
- Today there are 580 million SOL circulating. That’s 70% more supply than back then
- At $260 with today’s supply, Solana’s market cap would need to hit $150 billion. Back then it was only $78 billion
- That means Solana needs almost double the capital inflow just to reach the same price it already hit with less supply
- The single biggest catalyst Solana ever had was Trump launching a memecoin, a one time event that cannot be repeated or topped
- Inflation is still running at 3.78% annually, more and more supply which is being dumped
Solana needs to attract twice the money that created the last ATH just to print the same number on the chart, while the biggest possible catalyst already happened