In the middle of the tumbling pump. mitigation If the price action in last month is an indication.
Once high -end on the mania of the memes piece, warming regulations and even the potential of the first Solana ETF spot which is launching by the end of the year, Sol is now in free fall.
In just four weeks, soil holders endured Brutal price oscillations, which saw the part lose more than 40%, forcing it below critical support levels.
The Solana price drops by 40% in 1 month: the SOL SOL ETFS soil price rally?
The latest Coingecko data show that Solana is negotiated at around $ 170, Below $ 175, a critical level of support marking the stockings of December and January 2025.
Since its price action, the part has now risen new losses after an encouraging increase in T4 2024 which saw it culminated at $ 295 on January 25. With pressure prices, It looks like Other soil holders could capitulate, feed the sale of panic.
While Solana faces a renewed sales pressure, the feeling of investors is also not to be done. The latest health data, a chain analysis platform, reveals that the feeling of investors is at its lowest monthly level. At this point, the soil prices had cooled, going to around $ 230.
Solana feeling has dropped to its lowest level since the big retirement on January 20. Merchants express frustration $ SoilThe price low at 3 months of $ 161. Although the discussion rates are extremely high and the feeling of the crowd is down, it is historically a signal that there … pic.twitter.com/9qdfhmszi8
– Santiment (@santimentfeed) February 18, 2025
Solana feeling has dropped to its lowest level since the big retirement on January 20. Merchants express frustration The collapse marked two days of regular losses after prices increased to $ 295 on January 19, two days after the team of President Donald Trump launched the memes play “official of Trump” before its inauguration on the 20th January.
Although prices have briefly recovered as millions of people turned to coins on the scalable chain, they decreased while the sellers intervene from January 26. Since then, Sol has had one -way traffic.
(Solusdt)
As expected, merchants are increasingly frustrated now that the medal is struggling for momentum and risks extending losses as the prices of cryptography fall under sale.
Bitcoin and Ethereum had trouble breaking the levels of resistance of the keys, trend slightly above critical support levels.
FTX Estate to empty Sol on March 1 in the middle of network reliability problems
Unlike these two, the sharp drop in Solana is due to several factors. One is the expectation of a supply peak once the FTX domain unlocks 7.5 million soil March 1st.
This additional soil infusion could see the plunge of the tokens while investors are preparing for potential liquidation by the FTX succession.
In addition, it is feared that turmoil after the drop in the meme of balance could shake up the confidence of ardent merchants. Javier Milei, the president of Argentina, even promoted the scale. After reaching more than $ 4 billion in market capitalization, prices crashed in a few hours in what many say they are Another carpet shoots Solana.
Beyond the coins, Solana faces even more criticism, especially in development Protocols DEFI.
Analysts observe that several DAPPs on Solana are in difficulty due to unusual transactions failure rate, which has concerns about whether the network can be a reliable center for DEFI activities.
Unfortunately, even with the high number of transactions that fail, the validators continue to benefit from the detriment of users.
Defi constantly fails on Solana.
Some of the biggest DEFI protocols are struggling with millions of failed transactions, which costs users of time and money. But the validators still take advantage of it.
– Dave (@itsdave_ada) February 19, 2025
Meteora DLMM: 151m + TXS, only 5.52% succeedSolscan data depict a dark image. Out of more than 151 million transactions on Meteora, only 5.5% are successful.
Only 17.1% of the more than 176 million Jupiter transactions take place. On Raydium, where most coins listed after obtaining their pump diploma. Fun, just over half of the 159 million transactions succeed.
Explore: Cryptographic trends for Bullrun – January 2025
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Solana falling as the feeling deteriorates
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Solana is down 40% compared to the summits of all time
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FTX Estate to empty soil in early March
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Critics slam Solana, claims the unreliable network to Power DEFI
The Solana feeling falls from a cliff after a drop of 40% in 4 weeks: what is the next step? appeared first on 99Bitcoins.
