Solana’s price struggles continue, with no clear signs of recovery as bearish pressure mounts. Meanwhile, investors are shifting their focus to 1Fuel, a high-utility DeFi project offering rapid gains. In just 24 hours, 1Fuel surged 40%, with analysts predicting a potential 10x increase post-presale. As Solana battles volatility, early buyers are flocking to 1Fuel for stability and massive profit potential.
Could Solana Price make acomeback after the February scandal?
On February 14, the crypto market witnessed one of Solana’s biggest scandals since the FTX collapse. A newly created meme coin, LIBRA, suddenly took center stage after Argentina’s President, Javier Milei, publicly endorsed it. His support triggered a massive buying frenzy, pushing its market cap to billions within minutes. However, just as quickly as it surged, LIBRA’s value crashed, leaving retail investors in heavy losses while insiders profited immensely.
The scandal also pulled in two of Solana’s most notable projects,Meteora and Jupiter. Meteora, a major liquidity provider, played a crucial role in facilitating trades that allowed insiders to exit with millions before retail investors could react. Meanwhile, Jupiter, Solana’s leading decentralized exchange, is under scrutiny for whether its infrastructure enabled these transactions and if insiders had prior knowledge of the manipulation.
Even with growing speculation about Solana’s potential ETF approval, the market remains bearish. SOL is currently trading at $171.48, reflecting a 16.7% drop in the last seven days and a 34.8% decline this month. Despite these setbacks, investors wonder if Solana can recover and push toward the $500 mark.
Analysts suggest that Solana must first break above $200 before any discussions about reaching $500 can be realistic. Until then, the market remains cautious as SOL struggles to regain momentum.
1Fuel offers 40% gains for 24 hours as presale could 10x
1Fuel (OFT) is transforming DeFi with real-world utility and cross-chain asset management. It enables seamless one-click swaps across multiple blockchain networks, eliminating the need for multiple wallets and platforms. The project also integrates AI-driven trading optimization, privacy mixers for anonymity, and a staking program that offers up to 30% APR.
Half of the total token supply is allocated to the presale, while the remaining portion supports liquidity reserves, community initiatives, and ecosystem growth. With its structured distribution, 1Fuel is establishing itself as a strong competitor in the DeFi space.
A major milestone approaches with the 1Fuel Wallet Beta launch on February 23rd. This release is expected to drive demand and enhance the token’s utility. Investors who join before the deadline can unlock exclusive token bonuses tied to funding goals. If 1Fuel secures $2.5 million in total investments, participants receive a 5% bonus on past purchases and a 20% bonus on new ones.
The bonus structure expands to give 10% back on existing purchases and 30% off on new ones when funding exceeds $2.75 million. The target funding amount of $3 million enables investors to receive double 40% on purchases from February 17th through 23rd and a 20% bonus on all previous purchases. Investors who donate $2,000 or more can exclusively access the 1Fuel Wallet in beta mode.
The incentive system stimulates early fund investments while generating more interest from new participants. 1Fuel aims to establish itself as a high-growth investment through financial rewards, increased liquidity, and upcoming product releases in 2025.
The opportunity to obtain maximum early-bird rewards expires soon. Solana investors are choosing 1Fuel to benefit from its growing potential, generous bonus rewards, and unique access to beta features.
Want to be part of 1Fuel’s growth? Visit the links below:
Website: https://1fuel.io/
Telegram: https://t.me/Portal_1Fuel
Twitter / X – https://x.com/1Fuel_