As of March 7, the crypto market is in recovery following weeks of corrections. However, bearish momentum remains strong, keeping most cryptocurrencies near their support levels. The broader market saw significant liquidations as uncertainty persisted. With fears of prolonged declines, analysts warn of potential risks, making it crucial to identify an altcoin to sell before further downturns.
4 Altcoins to Sell Ahead of Trump’s March 7 Crypto Event
Two days to Donald Trump’s first Crypto Summit on March 7 2025, industry leaders, CEOs, and government officials prepare for key discussions.
Market analysts anticipate volatility, with potential price drops for certain altcoins, if regulatory policies or economic outlooks appear unfavorable during the event. Let’s uncover these four altcoins to offload, including TON, SOL, LEO, and TIA.
Toncoin (TON)
Toncoin (TON) struggles as market conditions weaken, facing strong resistance and limited support. The price hovers at $3.00, marking a 1.53% daily increase. However, a 15% weekly decline signals a bearish sentiment.
TON’s market cap has dropped significantly, slipping from the 11th to the 21st position. Traders consider it an altcoin to offload ahead of Trump’s Crypto Summit on March 7, fearing further declines.
LEO
BitMart has confirmed the listing of UNUS SED LEO (LEO), set to launch at 20:00 (ET) on March 5. The exchange will open trading for the LEO/USDT pair. LEO serves as the utility token for Bitfinex, the cryptocurrency exchange managed by iFinex.
A unique token burn mechanism ensures that iFinex repurchases LEO monthly. This strategy aims to reduce supply over time. At present, LEO is priced at $9.80, reflecting a 0.36% decline in the past 24 hours.
Solana (SOL)
Solana (SOL) price has been trading with strong volatility, making it an altcoin to sell ahead of Trump’s crypto summit on March 7. The price has dropped 52.08% from its $294 high, now hovering below $150.
An analyst noted that despite rejection, SOL defended the $125 support and is squeezing against the main downtrend resistance. This movement signals potential liquidation as uncertainty builds in the market.
Celestia (TIA)
Celestia (TIA) is trading at $3.30, reflecting a 15% decline over the past week. The token has been on a consistent downtrend in recent months, with its value significantly lower than its all-time high of $20.91 in February 2024.
This decline has placed TIA among the cryptocurrencies facing strong selling pressure. Ahead of the upcoming crypto summit on March 7, analysts highlight TIA as one of the altcoins to offload, citing concerns over potential long-term losses in a weakening market.
Conclusion
With market conditions still uncertain, traders should assess risks and monitor price movements. Selling weak assets before further losses can be a strategic move. Identifying an altcoin to sell before major events like Trump’s crypto summit may help mitigate potential long-term risks in this volatile market.
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