The cryptocurrency market has been under the spotlight as the US welcomes a new administration. Amidst this, the community has its eyes on the market and are looking to witness an uptick. While several assets did record a surge, a few others were lagging. Solana (SOL), in particular, garnered attention after an account that was mistaken to be Barron Trump’s tweeted about the network. But is it enough to push the asset?
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Massive Drop
After recording a new all-time high of $294.33, Solana witnessed a major plummet. During the time of writing, the altcoin was trading at a low of $238.05 after witnessing a nearly 9% drop over the past 24 hours.
According to data from CoinCodex, the chances of Solana reaching $300 was rather bleak. Over the next couple of days, the highest mark that SOL will surge to is $240. It looks like “Barron Trump’s” tweet barely made a difference to the price of the asset.
In order to reach the coveted $300 mark, the asset will have to surge by over 26% from its current price level.
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Did Barron Trump Really Support Solana?
An account called Barron Trump (@TrumpwBarron) shared a tweet that read “hi @solana.” This post began garnering steam and several in the cryptocurrency were elated that Trump was endorsing the altcoin. But several were seen questioning the credibility of the account and even claimed that Barron Trump does not have an X account.
This tweet has now been deleted and the account has even changed its username. It is currently @tantemeilany and the account has a staggering 1.1 million followers. As a result, the Solana community has been staying vigilant in order to avoid potential scams.
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