Solana (SOL) Holders Feel the Heat of 11% Slide as New Altcoin JetBolt (JBOLT) Soars, Fueled by Increasing Whale Activity

Solana has had a challenging month, and today, it's feeling the heat of broader market sell-offs. With an 11.9% price drop over the past seven days

Solana (SOL) is feeling the pinch after a recent 11% slide, while the new altcoin JetBolt (JBOLT) continues to soar, thanks to increasing whale activity.

Solana’s Price Drops 11% Amid Market Downturn

Solana has had a rough month, and today, it’s feeling the heat of broader market sell-offs. With a 11.9% price drop over the past seven days, SOL token holders are beginning to wonder if the once-thriving blockchain will regain its footing or continue to struggle. At the time of writing, Solana is trading at $138.15.

Solana’s TVL is growing and has reached approximately $5.5 billion, surpassing its long-time rival Ethereum in decentralized exchange volumes. But while Solana’s on-chain activity is ramping up and TVL is growing, the price is moving in the opposite direction, continuing a downtrend that sees the SOL token down 7% over the past two weeks and 2.4% in the past 24 hours.

Several factors are said to be contributing to Solana’s slide. For one, the market sentiment has turned bearish amid concerns about regulatory clampdowns and economic uncertainty. There are also technical factors at play, with analysts noting that Solana’s price hit a “no-go area,” a zone where the potential for further declines grows stronger.

Moreover, macroeconomic issues, such as the U.S. Federal Reserve’s stance on interest rates, have created an atmosphere of caution across all financial markets. These combined forces have Solana in a difficult spot.

But while Solana’s price is dipping, crypto whales are looking for alternatives to Solana that could present early stage opportunities. This is where the zero-gas coin JetBolt (JBOLT) comes in.

Whales Eye JetBolt as Its Presale Surges

As Solana experiences a price slip, crypto whales are diversifying their portfolios, turning to newer altcoins like JetBolt with groundbreaking utility and features that lie parallel to the blockchain giant’s affordable and high-speed transactions.

JetBolt boasts zero-gas technology that enables hassle-free crypto transactions, an aspect that could be appealing to large traders. Moreover, JetBolt’s AI-powered news and market insights tool has garnered the attention of tech-oriented crypto pundits who believe that the future of crypto lies in the integration of the latest technologies, such as AI.

Launched just under two months ago, JetBolt has already smashed through the $250,000 presale barrier. This explosive growth has seen an influx of crypto whales flocking to JetBolt, recognizing this innovative token that’s quickly gaining momentum.

With JetBolt’s groundbreaking utility, coupled with exclusive discounts and other special perks for early buyers, crypto whales show no hesitation in getting in on the action before the JetBolt presale ends.

Solana grapples with its price downtrend despite increased on-chain activity. Meanwhile, the crypto market is also down today. In the midst of this turbulence, whales jump into the JetBolt presale, seeing it as a chance to ride a wave powered by groundbreaking zero-gas technology, AI-powered utility, and explosive presale momentum—factors that are said to be essential for the next generation of tokens.

More information about the JetBolt presale and features can be found here:

Official Website: jetbolt.io

Telegram Channel: https://jetbolt.io/telegram

X (formerly Twitter) Account: https://x.com/JetBoltOfficial

This article does not offer any financial advice. Always practice caution and conduct thorough and independent research before acquiring any cryptocurrency. All crypto assets are inherently risky and can be volatile.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.

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