In the midst of a sharp downturn for the cryptocurrency market — particularly for Solana (SOL) — the founder of the network, Anatoly Yakovenko, has urged the community to shift focus away from price drops and concentrate on long‑term value creation.
The Current Situation
Solana has recently faced heavy pressure: the token plunged more than 8% in the past 24 hours and over 20% in the past week amid large‑scale liquidations. Yakovenko responded to this downturn by highlighting a crucial message to developers and ecosystem participants:
“The number one thing to focus on right now is shipping great products.”
“Price is just a lagging indicator; code is the leading indicator.”
In essence: don’t obsess over red candles. Build meaningful things.
Why This Focus Matters
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Ecosystem resilience: When valuations drop, the underlying technology, developer momentum, and real‑world adoption become the bedrock for long‑term survival. Yakovenko’s message reinforces that.
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Shift from speculation to utility: In bullish markets, hype and speculation dominate. In downturns, only projects that deliver true algorithmic, network or product value tend to survive and thrive.
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Indicator hierarchy: Yakovenko describes “price” as a lagging indicator (meaning it reflects what has already happened), whereas “code” — meaning the quality and utility of what’s being built on Solana’s blockchain — is a leading indicator (hinting at future potential).
The Bigger Picture for Solana
Even as Solana faces turbulence, there are signs of institutional interest and deeper structural events at play:
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The launch of Solana spot ETFs in the United States, which in early days attracted tens of millions of USD of inflows.
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Institutional support and projects such as the upcoming stablecoin based on Solana — the USDPT by Western Union — show that the ecosystem is not idle.
Thus, while price action is volatile, events beneath the surface suggest a deeper buildup of infrastructure, adoption, and product launch activity.
Why Developers & Supporters Should Hear This
For anyone participating in the Solana ecosystem — developers, investors, validators, community builders — Yakovenko’s call is a reminder of the priorities in harsh market conditions:
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Build, don’t just trade: The best use of time now is building functional products, dApps, integrations, utilities — not watching the price charts.
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Long‑term orientation: Markets are volatile; value creation takes time. Focusing on shipping a product means creating something lasting.
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Communicate value: Products with real utility are more likely to retain users and grow organically — and that builds credibility, rather than hype alone.
In Summary
In summary, as Solana navigates a period of price decline and market pressure, the founder’s message is clear: stop staring at the red candles. Instead, focus on shipping great products, because code leads, price follows. The downturn may be challenging, but it might also be the clearest signal that now is the time for building, not just speculating.
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