Solana has decreased by 45 % since the Trump Tokeen launch while Memecoins has converted liquidity

Solana’s price in the struggle under pressure from the growing Mimoin market continues despite the elasticity of the flexibility after ever canceling the symbol.

Solana has decreased more than 45 % since the official Memecoin Trump (Trump) was launched, from more than $ 261 on January 18 to $ 143 on March 2, Tradingvief Data appears.

The growth of the growing investor of Mimokwins may limit Solana’s performance, according to Radix’s decentralized financing platform.

Memecoins “Don’t tend to extract a lot from the flow of the outdoor capital; instead, Hughes told Cointelegraph, adding: adding:”

“Even in the case of Trump, most of the liquidity was outside the assets of other encryption, as people sell their encryption portfolio to buy Trump in the extremist Fomo [fear of missing out]”

He added: “You can see the impact on the market, as everything was a few days away from Trump and Solana, and the liquidity vampire was named in a Muslim way.”

Memecoins may attract a large share of the newly entered Solana liquidity. A circle of more than $ 8.75 billion from USDC (USDC) since January 1, according to LookonchainHowever, the price of Solana decreased more than 24 % despite the new liquidity.

Related to: Wintermute withdraws $ 38 million from Binance before opening $ 2B

However, the Solana price managed to recover above $ 140 despite the experience of opening a symbolic code worth $ 2 billion, which released more than 11.2 million Sol symbols in trading on March 1 as the largest symbolic opening for Solana.

Industry observers were concerned about a huge step on the negative side of the Sol, where a large amount of distinctive closed codes was purchased at $ 64 per Sol in FTX auctions by companies such as Galaxy Digital and Pantera Capital and Figure.

Related to: Binance is not “Solan” and other property of the distinguished symbol – spokesperson for

Macro events, carpet withdrawal limits institutional encryption investment

Hughes said that the external total economic factors and recent security incidents continue to reduce the bullish trend of the encryption market.

“Events on the global theater have a greater impact than previous sessions. A much larger percentage of invested capital is institutional, who are more cautious, and they must think about a broader set of markets, factors and variables when making decisions […]”

He said: “The couple by exhausting the continuous rug, losses, and losses, it will take some time until the remaining dust stabilizes and waves return.”

The investor feeling still recovering from a $ 1.4 billion bybit penetration, which occurred on February 21, which represents the largest penetration in the date of encryption.

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