Whenever the market is in a downturn, someone always pulls out the "devil's price" from 2022 and asks—Can SOL fall back to $8? This question seems like a psychological shadow left by the bear market, surfacing in the community every now and then.
But upon closer reflection, the situation is actually different now. $8 is not just a normal technical correction; it was the "death sentence" handed to the Solana ecosystem by the market after the FTX collapse—full of extreme panic and irrationality. To reproduce such an extreme low price, it would require more than just a bear market; it would mean the entire public chain ecosystem is completely bankrupt or Solana itself exposes a fatal vulnerability. Honestly, the probabilities of these scenarios are as small as they can be.
Interestingly, while the traditional world debates endlessly over the stability of energy, food, and monetary policies, the crypto world is quietly building the foundation for "stability" as well. Solana is strengthening network stability through technological upgrades, and the entire industry is exploring stable asset solutions that do not rely on external environments. This is why decentralized stablecoins like USDD are becoming increasingly important.
They establish a "value benchmark" within the system through blockchain-native over-collateralization mechanisms. For investors, this means having a relatively reliable hedging tool amid market volatility—price stability, transparent logic, and no reliance on traditional financial institutions' backing. This kind of stability is exactly what the market truly needs.
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MevSandwich
· 7h ago
The 8 yuan incident really became a psychological shadow, but to be honest, it was an irrational panic caused by the FTX explosion. It won't happen again.
What truly needs attention is stability building; decentralized stablecoins like USDD are the long-term solution.
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quiet_lurker
· 7h ago
SOL 8 bucks... alright, let's not think about it seriously
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Going back to that mess of FTX's accounts? Really, really don't ruin your mindset
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Only when the ecosystem is completely dead can it return to 8? Ha, then I might as well go to sleep
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Stablecoins definitely need to be tracked, but that USDD over-collateralization... is a bit complicated
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Instead of worrying about whether it can fall back to 8, better to think about how to reach 80
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Decentralized stablecoins sound good, but it all depends on who can truly survive
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Psychological shadows can never be fully healed, anyway I choose to lie flat
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FOMOSapien
· 7h ago
SOL8 can't be recovered anymore, that was the scar from the FTX blow. The ecosystem has long since recovered.
If it were to drop that hard again, we'd have to wait for the chain to completely die, which is highly unlikely.
On the other hand, stablecoins are becoming more and more attractive. The over-collateralized logic of USDD is indeed more reliable than traditional methods.
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8 dollars was really just extreme panic. That's no longer the case.
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Every time it drops, someone flips to the FTX page, and the psychological shadow is indeed deep.
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Instead of worrying about how low SOL can fall, it's better to think about how to survive amid volatility. The role of stablecoins is truly becoming prominent now.
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Not to belittle, but to recreate the madness of 8 dollars, the entire ecosystem would have to blow up. I don't believe that will happen.
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Stability is the key. This understanding is finally being grasped by some now.
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DeepRabbitHole
· 7h ago
Can SOL drop back to $8? Ha, unless the ecosystem self-destructs, don't even think about it.
View OriginalReply0
FlyingLeek
· 7h ago
That $8 wave was really extreme panic; no one had confidence during the FTX collapse.
Whenever the market is in a downturn, someone always pulls out the "devil's price" from 2022 and asks—Can SOL fall back to $8? This question seems like a psychological shadow left by the bear market, surfacing in the community every now and then.
But upon closer reflection, the situation is actually different now. $8 is not just a normal technical correction; it was the "death sentence" handed to the Solana ecosystem by the market after the FTX collapse—full of extreme panic and irrationality. To reproduce such an extreme low price, it would require more than just a bear market; it would mean the entire public chain ecosystem is completely bankrupt or Solana itself exposes a fatal vulnerability. Honestly, the probabilities of these scenarios are as small as they can be.
Interestingly, while the traditional world debates endlessly over the stability of energy, food, and monetary policies, the crypto world is quietly building the foundation for "stability" as well. Solana is strengthening network stability through technological upgrades, and the entire industry is exploring stable asset solutions that do not rely on external environments. This is why decentralized stablecoins like USDD are becoming increasingly important.
They establish a "value benchmark" within the system through blockchain-native over-collateralization mechanisms. For investors, this means having a relatively reliable hedging tool amid market volatility—price stability, transparent logic, and no reliance on traditional financial institutions' backing. This kind of stability is exactly what the market truly needs.