Solana Price Drops Despite Rome Protocols DTX Exchange Gains as BONK Whales Sell

Coin WorldFriday, Mar 7, 2025 8:07 am ET

1min read

Solana, one of the most impressive blockchain networks in recent years, has faced significant price challenges despite its technological advancements. The deployment of Rome Protocols, aimed at improving transaction efficiency and scalability, has not been enough to halt the downward pressure on SOL's price. The network's price surged after President Donald Trump announced a U.S. Crypto Strategic Reserve holding Solana, but this was followed by a pullback as investors assessed the sustainability of the price increase.

Solana's flagship memecoin, BONK, has also experienced substantial sell-offs by large holders, or "whales." On-chain metrics indicate that these whales are reallocating their funds, with many turning their attention to DTX Exchange, a new-generation hybrid trading platform. This shift suggests a broader sentiment reversal against SOL-related tokens as investors seek more stable and long-term viable assets.

BONK, which saw meteoric gains in 2023, is now facing high volatility and uncertainty about its long-term fundamentals. Recent data shows that large holders are selling off BONK, leading to a significant drop in its price. At the time of reporting, BONK was trading at approximately $0.00001253, with a 24-hour trading volume of $141.61 million. This decline reflects a change in investor sentiment as major players reassess their holdings in light of market movements and the token's uncertain future.

DTX Exchange has emerged as a beneficiary of this rotation, with BONK whales investing heavily in its ongoing presale. DTX has raised over $15 million and has over 160,000 holders, making it one of the fastest-growing crypto projects of 2024. Unlike hype-driven memecoins, DTX offers a legitimate use case by integrating crypto, forex, and stock trading into one decentralized platform. It also supports 1000x leverage, No-KYC trading, and decentralized custody through phoenix Wallet, making it an attractive option for long-term gains.

Currently trading at $0.18, DTX is set to list at $0.36, providing early investors with a potential 200% profit before its public exchange listing. Experts suggest that DTX could reach $1 after listing, creating a possible 1000% surge. This shift

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