5 月 26 日，Solana Labs 联合创始人 toly 在社交平台发文称，建议加密货币项目创始人应每季度进行一次「事前预演」练习，为可能出现的极端市场下跌做好准备。
他提出三个关键问题：若市场暴跌 95%，创始人应考虑在市场恢复前 18 个月重点开发什么产品、组建什么样的核心团队，以及是否有足够的短期国库现金储备支撑运营。这一建议旨在帮助加密创业者提前规划，在熊市中保持项目生存和发展能力。

<div><p>5 月 26 日，Solana Labs 联合创始人 toly 在社交平台发文称，建议加密货币项目创始人应每季度进行一次「事前预演」练习，为可能出现的极端市场下跌做好准备。</p><p>他提出三个关键问题：若市场暴跌 95%，创始人应考虑在市场恢复前 18 个月重点开发什么产品、组建什么样的核心团队，以及是否有足够的短期国库现金储备支撑运营。这一建议旨在帮助加密创业者提前规划，在熊市中保持项目生存和发展能力。</p></div>

Solana联创：加密创业者应定期「事前预演」以应对市场风险

On May 26, <toly>, co-founder of Solana Labs, posted on social media suggesting that cryptocurrency project founders should conduct a "pre-rehearsal" exercise quarterly to prepare for potential extreme market downturns.

He raised three key questions: If the market drops 95%, what products should founders focus on developing and what core team should they assemble before market recovery in 18 months, and whether they have sufficient short-term treasury cash reserves to support operations. This suggestion aims to help crypto entrepreneurs plan ahead and maintain their project's survival and development capabilities during a bear market.

<div><p>On May 26, Solana Labs co-founder Toly posted on a social platform, suggesting that cryptocurrency project founders should conduct a "pre-rehearsal" exercise quarterly to prepare for potential extreme market downturns.</p><p>He raised three key questions: If the market crashes by 95%, what products should founders focus on developing, what core team should they assemble, and whether they have sufficient short-term treasury cash reserves to support operations before the market recovers in 18 months. This suggestion aims to help crypto entrepreneurs plan ahead and maintain their project's survival and development capabilities during a bear market.</p></div>

Solana Co-founder: Crypto Entrepreneurs Should Regularly “Pre-Run” to Prepare for Market Risks

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakthrough after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged margin calls, and massive...

Galaxy: 26 Predictions for the Crypto Market in 2026

Tom Lee is a strong bullish voice on Bitcoin and Ethereum, but Fundstrat, the Wall Street financial strategy fund he's backed by, has a significantly different view [...]
<CryptoQuant: Tom Lee is strongly advocating for a bullish market! But his own fund Fundstrat contradicts him because of his "sell- BlockTempo research stance"> This article was originally published on BlockTempo, the most influential blockchain ABMedia media.

CryptoQuant: Tom Lee strongly advocates for a bullish market! But his own fund, Fundstrat, contradicts him with its "sell-side research stance."

This year has been one of significant successes for privacy-centric altcoins, echoing the optimism of past bull markets. A standout is the Zcash Foundation’s introduction of substantial updates throug...