Sun price prediction: It is next $ 300 as capital tickets become positive

Solana fell 4% in the last 24 hours on Thursday, returning part of her recent rebound.

The Token fell from a maximum of USD 178 to around USD 167, since the broader cryptocurrency markets followed the wall street setback.

The decline coincided with the industrial average Dow Jones quoting down and the S&P 500 seemed ready to break a three -day winning streak.

Why has the price of Solana dropped?

Solana extended her decline while Bitcoin also backed up, with the cryptocurrency market in general under pressure after the reports of a safety violation in Coinbase.

According to the CEO Brian Armstrong, the hackers exploited the Exchange systems and demand USD 20 million in Bitcoin to avoid releasing the compromised data.

The incident involved cyber criminals who, according to the reports, bribed and recruited foreigners dishonest.

Coinbase says that insiders extracted personal data that estimates that they could affect less than 1% of users tracked monthly of the exchange.

While theft is a threat, Coinbase said there was no exhibition of passwords, private keys or funds for other users.

While plans to reimburse affected customers, you are not paying the rescue and is ready to involve order forces.

“We will look for the most severe penalties and we will not pay the rescue demand for 20 million dollars we receive. In its place, we are establishing a USD 20 million reward fund for information that leads to the arrest and condemnation of the criminals responsible for this attack,” Coinbase wrote in a update.

Can Sol bounce up to $ 300?

Sol reached maximum of $ 294 in January 2025, taking advantage of the general impulse of cryptocurrencies that followed the election of President Donald Trump.

While the Token has dropped 42% since recently rose from minimum of $ 123. The bulls reached USD 182 on May 14, before today’s fall.

It remains to be seen if buyers can recover this movement. However, Glassnode analysts point out that key metrics are in favor of the bulls.

“After a few months of capitalization exits, $ Sol shows signs of a trend change. Its 30-day capital entries are again in positive territory, growing at a rate of ~ 4-5%, along with $ XRP. This points to a renewed demand that returns to the #solana ecosystem,” said Glassnode.

After FEW MONTHS OF PERFORM CAP OUTFLOWS, $ Sun Is Showing Signs of A Trend Reversal. STIs 30-Day Capital Inflows Are Now Back In Positive Territory-Growing at ~ 4–5%, on Par with $ XRP. This points to a renewed demand return to the #Solarium Ecosystem. pic.twitter.com/3fzcykwszh

– Glassnode (@glassnode) May 15, 2025

The fall of Solana and other Altcoins occurs in the middle of a stagnation in the Bitcoin domain, which reached a maximum of 64.4% on May 8.

Glassnode data show that Ethereum’s domain has risen 3% to 9.75%, while Altcoins collectively earned 2% to 22.35%.

Despite this rebound, the domain of the Altcoins is maintained below the maximums recent, which stresses that the market is still largely in a “cycle driven by BTC”, as described by analysts.

In this environment, Solana and other Beta Alta assets could continue lagged with the short term, since capital remains concentrated in Bitcoin.