The Solana (SOL) price decreased by more than 18 % in the last 7 days, as chaos in the Memecoin category sparked a sale. The data on the series indicates that Sol may lose its brilliance and that things may get worse. However, the cumulative encryption market deals with severe sale pressure such as Bitcoin (BTC) and ETHEREUM (ETH) red indexes printed continuously.
Solana achieved great success on Tuesday, as it decreased about 10 % in the past 24 hours. The perpetrator behind the slide is the huge pump and discharge on the Solana -based micoin, the scale. It caused panic across the MIMON.
The total maximum Crypto market decreased by 5 % during the last day to get $ 67.2 billion, with a trading volume of $ 7.35 billion.
Solana 55 % disrupting activity disrupts
According to Data Ali shares, the damage exceeds the price with the collapse of the Solana Network activity. The number of active headlines on the Sol network collapsed from 18.5 million in November to only 8.4 million today. This is a 55 % decrease and a sign of merchants who leave the network.
This gets worse, as the total volume converted on Solana network decreased from two billion dollars in November to only 26 million dollars. This is a 99 % decrease and momentum depicting that stops so and analysts warns that this is not a bullish unification.
The total volume transferred on #Solana $ Sol The network fell from two billion dollars in November to only 26 million dollars today! pic.twitter.com/qcomjd2
Ali (ali_charts) February 17, 2025
Solana faces the main opposite winds with 15 million Sol ($ 7 billion) to cancel their insurance over the next three months. With the rate of inflation by 4.715 %, it can keep the Sol width increase under serious sale pressure.
Sol price has decreased by 40 % in the past thirty days. Sol is trading at an average price of $ 168.69 with a trading volume of $ 5.75 billion. The maximum market bears 82.5 billion dollars.
Now, all hopes are to obtain bullish feelings in the approval of Solana Etfs.
Sol Memecoin Fever fades
The Solana Hype train is equipped with Memecoin Frenzy, and now it slows down greatly. Degens flee and the insiders throw. The micoin mania was the lifestyle in Solana when the cheap graphics and the easy transition turned into a pump.
Santiment suggests that the scale, Sol and Melania are the symbols that record the top of the discussion in the discussion compared to its average normal rates. First, Argentine President Millie has returned a tweet to an educational program on how to buy the scale, send its price to the moon and fell directly. Now, lawyers come for him on charges of fraud.
The active Solana Governor has decreased by 55 % since November, and the Sol price has decreased to less than $ 170. On the other hand, there is Melania $. The Trump -heading coin is now linked to the rituals, as analysts said that the same team he launched both. Interior trading allegations and carpets fly.
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