- Yakovenko urges crypto founders to simulate 95% crashes every quarter to survive.
- Founders must prioritize resilient products and trim teams for long-term viability.
- Solana forms a bullish pennant; breakout above $180 may target the $200 level.
As the cryptocurrency market continues its unpredictable cycle, a stern reminder has emerged from within the space. Anatoly Yakovenko, co-founder of Solana Labs, has issued a bold warning to crypto project founders. He insists that quarterly crisis simulations are not optional they are essential.
His message is direct: founders must be ready to operate during a 95% market crash. Planning during bullish times is no guarantee of survival when the tide turns. Besides, overconfidence in the current market can be fatal. Many altcoins, Yakovenko believes, are on a ticking clock and could collapse if founders remain delusional about their security.
Yakovenko’s proposal is a call for discipline. He challenges teams to consider three survival questions every quarter: What product matters most when the market crashes? Who are the essential players that must stay? And is there enough capital in safe, liquid assets like short-term Treasury bills to stay afloat for 18 months without fresh funding?
Quarterly Crisis Simulations: A New Industry Standard?
The cryptocurrency sector has often been driven by hype and short-term innovation. However, Yakovenko advocates for resilience over flash. Consequently, he suggests building products that solve real-world problems and can survive long crypto winters. This includes core infrastructure, on-chain tools, or value-generating decentralized applications. These are more likely to sustain interest even when token prices plummet.
Moreover, founders must evaluate their teams with a crisis lens. Skills like protocol engineering, lean operations, and user retention become critical during downturns. Unnecessary hires or bloated marketing budgets could be liabilities. Having the right people in the trenches could be the difference between survival and shutdown.
Significantly, the financial cushion also plays a major role. Many projects hold their runway in volatile assets. Instead, Yakovenko advises parking reserves in safer instruments like T-bills. This ensures cash flow continuity even when markets dry up.
Market and Technical Outlook: SOL in Focus
Meanwhile, Solana (SOL) is trading around $175.71, down 1.06% in the last 24 hours. Despite the dip, the weekly trend shows a 4.88% gain. SOL’s price movement is now forming a bull pennant, signaling potential upside.
Lark Davis, a prominent crypto analyst, highlights that SOL is approaching a critical resistance level near $180. The support rests near the 20 EMA at $169.68 and 50 EMA at $159.14. If SOL breaks above the pennant’s upper boundary with strong volume, a rally to $200 could be in sight.
