Solana Co-Founder Highlights Preparation Strategies for Crypto Market Volatility

Solana Labs co-founder Anatoly Yakovenko advises cryptocurrency project founders to proactively prepare for market downturns. In a recent social media statement, he emphasizes the need for quarterly ‘rehearsals’ simulating severe market drops, including scenarios like a 95% decline. This involves focusing on vital product areas in such a downturn, assessing team competency needs, and ensuring sufficient cash reserves for at least 18 months before the market recovers. While acknowledging Solana’s recent achievements, Yakovenko stresses the continued need for hard work and caution within the ecosystem.