Solana Price Faces Bearish Pressure

Solana’s price has recently encountered significant bearish pressure, dropping below $160 for the first time since November 2024. This decline has led to speculation about the possibility of SOL crashing to $100, especially with the upcoming unlocking of nearly $2 billion tokens from the FTX bankruptcy auction.

As bearish sentiment increases, there are questions about whether PumpFun’s new Automated Market Maker (AMM) can mitigate the situation. This new AMM avoids reliance on Solana’s native AMM, Raydium, and might prevent SOL’s price from plummeting to $100.