The recent chill in the crypto market is palpable. The Solana candlestick looks like a slide, plunging over 36% from its high in just a month. The price briefly broke below the key support level of $122, with a blood-red technical picture—RSI staying in the 30s, and all moving averages pointing downward, which indeed looks grim.

But here’s where it gets interesting. While panic is spreading, seasoned traders who have experienced multiple bull and bear cycles are sensing an opportunity. Solana co-founder Anatoly Yakovenko recently predicted a "trillion-dollar" valuation, and this is definitely not just talk.

So, what is the main culprit behind the plunge? The most immediate trigger is the upcoming FTX token unlock. On March 1st, 11.2 million SOL tokens will enter the market, amounting to roughly $1.76 billion at current prices. These tokens come from FTX’s bankruptcy liquidation, where institutional investors initially bought at a discount. Now, the question is, these low-cost chips will start entering the market one after another.

From a technical perspective, the outlook is indeed bleak—Solana’s trading price is below all key moving averages, indicating a persistent downtrend. But history shows that such negative news often follows a "buy the rumor, sell the fact" pattern.

An even more intriguing phenomenon is the change in on-chain activity. The frenzy around memecoins is fading, and daily active addresses on the Solana chain have dropped from over 9 million at the beginning of the year to around 3.3 million, hitting a new low in the past year. When speculators start to exit, the real strategic moves are just beginning. The market always works this way—the darkest hour is often when the smartest money begins to act.