The post ChatGPT says Solana price will hit this target by March 2025 appeared on BitcoinEthereumNews.com.

Solana (SOL) has struggled to sustain its bullish momentum, dropping over 40% in the past month. The decline continued with an additional 1.2% loss in a day, bringing its price down to $137 at press time—its lowest level since November 2024. The latest sell-off comes amid the collapse of Solana-based meme coins, particularly LIBRA, along with growing concerns over a major token unlock involving 11 million SOL. Solana one-day price chart. Source: Finbold At the same time, network activity on Solana has seen a significant decline, further deepening the bearish sentiment. Amid this uncertainty, Finbold analyzed market data and consulted OpenAI’s advanced ChatGPT-4o model to provide an updated outlook on Solana’s trajectory leading up to March. ChatGPT sets Solana price for March 2025 When prompted, ChatGPT analyzed Solana’s performance, identifying the key factors behind its downturn and the challenges it faces in staging a recovery. The AI model identified the burst of the memecoin bubble as one of the major reasons behind Solana’s recent losses. Many speculative tokens on the Solana network experienced sharp declines after initial hype-driven rallies, with LIBRA’s collapse amplifying investor concerns. The resulting liquidity drain has weighed heavily on SOL’s price action. Major factors driving Solana price. Source: ChatGPT/Finbold Solana’s on-chain activity has also taken a hit. Daily transactions on the network dropped to just 11,871 on February 26, a steep decline from 71,738 on January 23. Moreover, the Total Value Locked (TVL) on Solana’s DeFi ecosystem, which peaked at $12 billion in January, has now dropped to $7.13 billion—a 41% decline in just over a month, according to the data from DefiLlama. The AI model also highlighted Solana’s upcoming 15 million SOL token unlock—valued at $7 billion—as a looming risk. If demand fails to absorb the additional supply, SOL could face further downward pressure, prolonging…

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Filed under: News - @ February 26, 2025 5:27 pm