In the tumbling pump, the glow of Solana in the hung volume after Mirei Dimming If the price action for the past month is any indication.
Memecoin mania, warming restrictions and even the possibility that Solana ETF could be live by the end of the year, Sol is free falling.
In just 4 weeks, there is a solder holder I endured The brutal price shaking that saw the coin exceed 40% forces it below the important level of support.
Solana Price drops by 40% in a month: Will Sol ETFS rekindle Sol Price Rally?
The latest Coingecko data shows that Solana is trading for around $170. A key support level below $175 and showing the lowest for December and January 2025.
From Price Action, the coin will risk further losses after peaking at $295 on January 25th, following an increase in encouragement in the fourth quarter of 2024. It looks like More solder holders could surrender and fuel panic sales.
Investor sentiment is also nosing as Solana faces new sales pressure. Latest data from Santiment, an on-chain analytics platform, reveals that investors' sentiment is at the lowest level each month. At that point, the Sol Price had cooled down and dropped to about $230.
Solana Sentiment has been at its lowest level since Big Retrace on January 20th. Traders express their dissatisfaction $ sol3 months of low price of $161. The discussion rate is very high and crowd sentiment is bearish, but this is a signal that it's historically there… pic.twitter.com/9qdfhmszi8
– santiment (@santimentfeed) February 18, 2025
The collapse marked two-day steady losses after prices rose on January 19, two days after President Donald Trump's team launched the “official Trump” memecoin ahead of the inauguration ceremony on January 20th. I've marked it.
Prices temporarily recovered as millions turned to meme coin trading in scalable chains, but they fell low as sellers stepped in from January 26th. Sol has had one-way traffic ever since..
(solusdt)
As expected, traders are becoming more and more annoyed as the coin has momentum and risk as it increases momentum and risk.
Bitcoin and Ethereum are struggling to break key resistance levels, slightly above key support levels.
FTX Estate dumps Sol on March 1 amid concerns about network reliability
Unlike these two, the sudden decline in Solana is due to several factors. First, we expect a surge in supply once FTX Estate unlocks its 7.5 million SOL. March 1st.
This extra infusion of SOL allows the token to burst as investors support potential liquidation by the FTX Estate.
Furthermore, there are concerns that the confusion following the decline in Libra meme coins could shake the confidence of enthusiastic traders. Argentina President Javier Mairay has even been promoted to Libra. After rising to more than $4 billion in market capitalization, the price flash crashed within hours. Another rug pull for Solana.
Beyond the coins of memes, Solana faces even more criticism. developing defi protocol.
Analysts say that multiple Dapps in Solana are struggling with the extremely high transaction failure rates and are raising concerns about whether the network can become a reliable hub for Defi activity. I'm observing it.
Unfortunately, even with a large number of transactions, Valitters continue to make profits at the expense of their users.
defi is always failing with Solana.
Some of the biggest Defi protocols suffer from millions of failed transactions, which costs users time and money. However, validators still benefit from these.
Meteora DLMM: 151M+ TXS, only 5.52% succeed
– Dave (@itsdave_ada) February 19, 2025
SolScan data draws harsh pictures. Of the over 151 million transactions on Meteora, only 5.5% have been successful.
Only 17.1% of Jupiter's more than 176 million transactions have passed. At Raydium, most meme coins are listed after graduating from Pump.Fun, with over half of the 159 million transactions being successful.
Exploration: Bull Run Crypto Trends – January 2025
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Solana falls as sentiment gets worse
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Solana is down 40% from its all-time high
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FTX Estates to throw away Sol in early March
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Critics have bashed Solana and claimed a network that cannot trust power claims
Post-solana sentiment falls off the cliff after a 40% reduction in 4 weeks. What's next? It first appeared in 99 Bitcoin.
