How much lower can we realistically expect SOL to drop? From $300 to $122 currently—but is that even a floor worth discussing?

People often point to $8 as the ultimate capitulation level, yet that was tied to specific catastrophic events: the FTX collapse and the subsequent ecosystem meltdown combined with a severe bear market across all asset classes.

The environment now is fundamentally different. Traditional markets are hitting all-time highs—equities, commodities, precious metals all rallying. Institutional players have entered the space. Regulatory clarity is improving, and cultural acceptance of crypto has shifted dramatically.

Without the systemic fraud and economy-wide crash that triggered that $8 bottom, comparing current pullbacks to that scenario is comparing apples to crisis-level oranges. That's the real distinction worth considering.