After experiencing extreme bullish and bearish action since the start of 2025, Solana ($SOL) has now fallen approximately -57% from its January high of almost $296.

Although President Donald Trump had previously mentioned that Solana and a few other altcoins would be included in what was then referred to as the “US Crypto Strategic Reserve,” David Sacks (the US crypto czar) has since clarified that the government will not purchase these assets. Instead, it will simply hold the assets that it acquires through criminal and civil forfeiture proceedings, as part of the country’s Digital Asset Stockpile. 

Meanwhile, the US government’s Bitcoin holdings will be managed separately within an officially confirmed Strategic Bitcoin Reserve.

Crypto analysts are still debating the future of the industry following the White House’s first-ever crypto summit event, which took place last Friday. President Trump and key industry executives engaged in extensive discussions about creating new regulations to cover digital assets, and it soon became clear that this process will take longer than many commentators previously expected.

The uncertainty surrounding these updates has caused a swift weekend sell-off, leaving investors wondering if now is a good opportunity to buy SOL before a possible rebound in April.

Solana Price Prediction – Should You Buy SOL on the Dip?

The price of SOL dropped below $127 on March 9, and continued trading around that level through Monday morning. This represents a -29% drop since March 3, and a -57% fall in comparison to January’s peak SOL price (and the asset’s all-time high) of $295.

Several factors have caused this slump. For example, Solana experienced outflows of approximately $485 million in February as some investors shifted to more stable assets amid global uncertainty. Controversy around Solana-based meme coins has also been a significant contributing factor, ranging from harmful content broadcasts on the Pump.fun launchpad to the high-profile collapse of the Libra token – which had even been promoted by Argentinian president Javier Milei.

Bullish sentiment around Solana’s inclusion in the US crypto reserve proved short-lived, as the resulting 24% gain on March 2 was almost immediately followed by a -20% dip on March 3, which erased the previous day’s gains. David Sacks’ statement that altcoins included in the US Digital Asset Stockpile will only be acquired through criminal and civil proceedings (and not government purchases) has caused sentiment to turn even more bearish, leading to a -7% dip on March 9.

Nonetheless, some analysts consider SOL to be a high-potential coin if more bullish US crypto policy updates come into play.

Popular analyst That Martini Guy (676,000 followers) has even forecasted a potential rebound to $300 by April. However, the Grok AI responded to a skeptical user who commented on this post, stating that the $300 Solana price prediction seems overly optimistic – and highlighting Changelly’s prediction of $191.52 for September as potentially more realistic.

The volatility in crypto markets has been extremely high since the final days of February, with Bitcoin still fighting to stay above $80,000. This makes SOL price predictions even more tricky – and Solana’s track record of network outages remains a huge pain point for many users and investors, adding to the SOL price’s long-term instability.

Solana’s outages have historically occurred during peak network usage. If Solana’s team can address these technical issues, it could increase SOL’s long-term growth prospects. In the meantime, many investors are backing Solaxy, a Layer 2 solution designed to tackle Solana’s biggest pain points and enable more reliable profit expectations for investors.

Solaxy Gaining Momentum as Solana’s First-Ever Layer 2 Solution Raises $25M

As traders continue to assess Solana’s future, one emerging project that has caught their attention is Solaxy ($SOLX) – the first-ever Layer 2 solution for Solana’s ongoing scalability issues. 

While the notoriously slow Ethereum blockchain has been able to rely on successful rollup protocols like Arbitrum and Optimism to improve its performance, Solana has so far lacked a comparable Layer 2 network. Solaxy aims to fill this gap by moving transaction processing off Solana’s mainnet, and then batching these transactions for final confirmation. Web3 projects using Solaxy will then benefit from vastly reduced network congestion, which will in turn prevent failed transactions from occurring.

If Solaxy can match the success that Layer 2 solutions have achieved on Ethereum, it would quickly become a game-changer for Solana’s ecosystem.

Although SOLX is still progressing through its presale, it’s already raised over $25 million. Last week, the project attracted a whale purchase of nearly $242,000. This shows that smart money is already moving to Solaxy, anticipating strong demand for new technology that solves Solana’s congestion problem.

SOLX will be used for all transactions on Solaxy, and also gives holders special voting rights. By holding SOLX, you can also stake your tokens to earn passive income. Early buyers can stake SOLX for an annual yield of up to 159% pa.

The SOLX token is currently available for $0.001658 during the current presale phase, but time is running out as this price is set to quickly increase when the next presale round begins. 

Visit Solaxy Presale

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