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Solana loses over 5b dollars in TVL from Ak

Solana received almost 6% on Friday, gathering next to Bitcoin, because the largest cryptocurrency regained $ 80,000 as support. However, the total value of the property locked in Solana chain is from its peak of $ 5.26 billion, almost 50% fall. TVL represents the demand and relevance to the chain, which means Solana negatively affected by the dynamics in the movement market.

Memema based on Solana-based Solana thought the catalyst ride increases in salt (Salt) This market cycle struggles to recover how traders are converted fear.

Solana State

The total value of locked assets is a key metric used in defiot for monitoring investor trust, the importance of chain and demand among crypto merchants. Table-catered on the defilays shows that Solana slowly loses relevance in the current crypt on the market.

Sol TVL is not down from its top of $ 12.19 million at 6,939 billion dollars at the time of writing. This signifies almost 50% drop TVL chain. One of the leading catalysts behind the fall is a collision of Meme coins on a salt chain.

Solana Sol
Solana TVL Chart | Source: Defiles

In the past month, the first 10 protocols on Solana BlocCchain deleted up to 40% in TVL. Top three catalysts affecting this change are Bitcoin Flash Crash, Meme coin con con conversies surround melani (Melanija) token and banknote library (Scales), a declining price of the official Trump (Abdomen) Token and Cripto Traders who suffer non-verb risk in response to American macroeconomic development.

Three market movements have contributed to capital outflows from the top 10 solic protocols and leading memen coins on a salt chain. The defila shows a one-day, 7-day and 1-month change in TVL throughout Jito, Jupiter, Fireplace, Marinade, Raidium, Sanctum, between other chains.

Solana Sol
Top 10 chains on salt Source: Defiles

Mema Solan Mema Market Analysis

At coongecko, the Solana Meme Token Category Metrics show a slight recovery. The market cap of all tokens in the category climbed to 8,949 billion dollars. Two among the top five Mems based on Solana gave negative returns in the last 24 hours, Trump and Bonk (Stifle).

Other three, Dogwifhat (Vif), Penguins penguins (Pengu) and AI16Z (AI16Z) They started their recovery in the past day. More than half of Solana-based soles are corrected in two-digit numbers in the last seven days.

Solana Sol
Solana-based Meme Coins Source: Coongecko

Statistics suggest that there is a transition to market dynamics and capital and attention traders are transferred from the “Meme Coin” sector to other categories of crypt’s tokens.

Bitfinex Analysts rated recent market events and noted that the launch of the meme was wrought together with the US president, although significant losses and liquidity outflow via other memorial coins Solana The network is a negative category catalyst.

Market drivers and Solan catalysts

The world’s largest central, the She announced CME Group Launch Solana Futures, Bilshish Development for Competitor Etherum. The news comes after Release of Metamask When the search for the browser’s database is discussed adding gender support for Solana, in May 2025. Years.

Solana The first Non-EVM chain supported the browser’s wallet and adds the functionality to buy, sell, replaces and communicate with DAPPS over the entire Sol ecosystem. All existing chain users will receive access to the same metamas characteristics that eats users enjoy together with other wallet chains.

Bitcoin and BTC recovery vomit $ 80,000 after flashing Falling Friday one of the key drivers on the crypto market. Solana and Bitcoin enjoy correlation from 0.83 in a three-month period. Prices of Bitcoin, therefore, affect the Trend of the Procedistry of Solan.

Re-examination of Bitcoin to $ 95,000 and collects towards a $ 100,000 milestone, which could positively affect the trend of salt prices in the coming weeks, while the tokens are very correlated.

Sol analysis on chain

Solane Metrics on the chain show signs of recovery in the token in the coming weeks. After a few days negative funding rates on binance, Solana notices positive financing or bias of bakery among derivatives on Friday.

Total open interest, metric that accompanies the value of all open contracts on derivatives in Solana, rises to over 2.26 billion dollars 28. February. Salt price recovered after weeks of the trend of lower, almost 6% per day.

The growth of open interest and positive funding for financing supports a bikal thesis for solane recovery in the medium to the short term.

Solana Sol
Solana analysis on chain Source: Sounder

Solana price

Solana could violate its multi-hour trend falls with daily fresh near resistance zone between 147.09 and 166.42 dollars. These two levels mark the upper and lower limit of the fair value gap, inefficiency in the market. Once salt is broken down next to the resilience zone, the next key for traders is $ 180 resistance.

He acted $ 180 level as support for almost three months, which makes it a key level for salt. Everyday candle near this level could prepare a $ 200 level solane, a key milestone for salt.

Technical indicators in the daytime period, RSI and MACD support the thesis. The RSI reads 32 and slopes up, above the “resale” solan zone. The MACD shows that the negative momentum of the basic trend of Solica will decline.

Solana Sol
Salt / USDT Daily Map Price | Source: Cripto.news

Ryan Lee, the main analyst on Bitget’s research commented on Solana’s Recent price price, recent events like Bibit Hack and Bitcoin ETF outflow. Ryan Lee shared the following comments from Cripto.news in an exclusive interview:

“Trump’s new tariffs in China, Canada and Mexico rocked Cripto Market, drove 40% TVL Pad Solan, worsened by BitCoin ETF, reflecting weakened strain and liquidity.

Medieval Outlook suggests that the sales of the face of stagnation is if the tensions escalate, inflation increases or increases risk aversion. Harkewalk on Bitcoin’s price of the price list, Chinese Answer, Federal Reservation Shares and whether Trump regulatory support included a macroeconomic translation. Critical development is expected in the next 30 days, making this period crucial for the clarity of the market. “

Detection: This article does not represent investment advice. The content and materials presented on this page are only only for educational purposes.

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2025-02-28 20:28:00

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