SOL Price Prediction: Capital inflows reverse positively, so next is $300

• Solana fell 4% in 24 hours as most cryptocurrencies reduced their recent profits.
• Bitcoin also dropped in news that a fraudulent agent has leaked personal data from Coinbase users.
• Tokens have fallen 42% from their January highs, but have recently risen from their lows of $123.

Solana has returned some of the recent rally, down 4% in the past 24 hours on Thursday.

The token fell from a high of $178 to around $167 as the wider cryptocurrency market tracked the Wall Street pullback.

This reduction has resulted in lower Dow Jones Industrial Array Arrangement Trading, with the S&P 500 set to snap a three-day winning streak.

Why is the price of Solana falling?

Solana Following reports of security breaches at Coinbase, Bitcoin also retreated as pressure has been underway, increasing its decline.

According to CEO Brian Armstrong, hackers are exploiting the exchange’s system and demanding $20 million in Bitcoin to avoid the release of compromised data.

The incident reportedly involved cybercriminals who bribeed and hired overseas support agents.

According to Coinbase, insiders elicited personal data that they estimated could affect less than 1% of Exchange monthly tracking users.

Theft is a threat, but Coinbase maintained that there was no exposure to passwords, private keys or funds for other users.

They plan to refund customers that have been affected, but are not paying a ransom and ready to engage in law enforcement.

“We pursue the strictest possible penalties and will not pay the demand for the $20 million ransom we receive. Instead, we are establishing a $20 million compensation fund for information that will lead to the arrest and conviction of those responsible for this attack,” Coinbase wrote. update.

Can Sol bounce back to $300?

Sol hit a $294 high in January 2025, riding on the overall code momentum following President Donald Trump’s election.

Tokens have fallen 42% since recently rising from their $123 low. The Bulls managed a $182 high before today’s dip on May 14th.

It has not yet been seen whether buyers can regain this move. However, GlassNode Note analysts say key metrics are advantageous to bulls.

“After a few months of realised cap outflow, $SOL shows signs of a trend reversal. That 30-day capital inflow is currently growing at 4-5%, comparable to $XRP.

After several months of realising cap leakage, $ sol It shows signs of a trend reversal. The 30-day capital inflow is now back into positive territory. $ xrp. This shows new demand back to #solana Ecosystem. pic.twitter.com/3fzcykwszh

-Glass Node (@GlassNode) May 15, 2025

The recession of Solana and other altcoins comes amidst stagnation of Bitcoin’s dominance, peaking at 64.4% on May 8th.

GlassNode data shows that Ethereum’s advantage rose by 3% to 9.75%, while Altcoins collectively gained 2% to 22.35%.

Despite this rebound, Altcoin’s dominance is below its recent highs, and as analysts explain, the market is still in a “BTC-driven cycle.”

In this environment, Solana and other high-beta assets could remain lagging in the short term as capital is concentrated in Bitcoin.

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