To this is added that, Solana suffers a monthly capital output of 5.9%, reflection of erosion in the confidence of investors and users. The fall of the activity – which went from 15.6 million addresses to the end of 2024 to 9.5 million in February – raised serious concerns about the future of the platform.
This situation is aggravated with the Memecoins collapse which initially seem high profile when using the Solana blockchain. The case of $ Libra was the last chapter of a series of strong falls involving this network.
The case is more illustrative: backed by President Javier Mileiin a matter of hours, its price fell 94%, and deleted from Tajo about US $ 4 billion in market capital. Capital movements, which included migration of US $ 7.7 million to arbitrum yu $ 6.9 million to Ethereumcontributed to a climate of generalized uncertainty, according to Glassnode data.
And is that experts from the blockchain analysis platform as Cryptovizar They warn that, although a bad actors purification could strengthen the long -term network, the short term is shown, strictly speaking, Complex for Solana.
Solana under the magnifying glass of experts
Pablo MontiBrand Manager and spokesman for Bingx – In dialogue with Scope– It confirms that the sun’s situation is complicated by a large number of factors that influence their behavior. For the expert of the crypto market, although the news that the American regulator (Securities and Exchange Commission) recognized the request for a Solana ETF, “the list of bad news for this cryptocurrency – and its blockchain – seems longer.”
As Monti explains, in recent days there is a fall in the activity of that network, with less and less Defi projects (decentralized finances, for its acronym in English) that are launched. At the same time, “the operations in the Dex de Solana comes in descent, while these operations increase in BSC, which suggests a network migration when operating for many investors,” says Monti.
The analyst is clear when pointing out that the scandals such as $ Libra: “They are a problem for Solana, since it is in that network where most of those projects (Memecoins) are launched.” These controversies brought the exit of many large holders and mass sales, a trend that is expected to continue. “As if this were not enough, the renowned tweet Zachxbt was linked to Hack to bybit With other scams with Memecoins in Solana, “Monti slides.
Thus, the panorama to Solarium It is – at least – gray. Monti remembers that it is key not overlooking FTXwhich will add one more complexity layer to the situation of a cryptmited and a blockchain that knew how to mark the course of the market in recent times, “but that has lived some lack of control in its use and abuse, which places Solana in an uncertainty present“
The crossroads in which Solana is found, highlights the risks inherent to the ecosystems driven by speculation and memecoins. While the network fights to recover lost trust, projects such as Mutuum Finance They capitalize on the attention of investors seeking alternatives with more solid foundations and a clear road map towards profitability.
Source: Ambito
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