Solana（Sol）每月30％下降，$ 2B代幣解鎖在DEX數量下降的下降

自12月中旬以來，索拉納（Solana）的分散交易所（DEX）交易量已達到其最低點，並在2月16日下降到26.1億美元。

Solana’s decentralized exchange (DEX) trading volume has hit a low not seen since mid-December, dropping to $2.61 billion on February 16.

自12月中旬以來，索拉納（Solana）的分散交易（DEX）交易量已經達到低點，並在2月16日下降到26.1億美元。

Solana price analysis

Solana價格分析

This decline coincides with a broader downturn in the Solana ecosystem, with weekly DEX volume falling to $20.2 billion, marking a fifth consecutive week of decline. Leading DEX platforms Raydium and Orca experienced significant volume reductions of 45% and 30% respectively, though Meteora managed to buck the trend with an 18% increase.

這種下降與Solana生態系統的低迷相吻合，每週DEX量下降到202億美元，標誌著連續第五週下降。領先的DEX平台Raydium和Orca分別降低了45％和30％，儘管Meteora設法以增長了18％的趨勢來阻止這一趨勢。

Major Token Unlock Event Sparks Market Concern

主要令牌解鎖事件火花市場關注

In addition to market pressures, Solana SOL/USD has a major token unlocking event on March 1 with 11.2 million SOL tokens (value around $2.06 billion) ready to be unleashed. Mostly including tokens bought during FTX bankruptcy auctions at $64 by companies including Galaxy, Pantera, and Figure, this unlock represents 2.31% of the entire supply and market capital value.

除市場壓力外，Solana Sol/USD在3月1日舉行了重大的令牌解鎖活動，其中有1,120萬個SOL令牌（價值約為20.6億美元）可以釋放。包括Galaxy，Pantera和Tigure在內的FTX破產拍賣中購買的代幣，包括64美元，此解鎖佔整個供應和市值的2.31％。

Memecoin Scandals Impact Solana Ecosystem Confidence

Memecoin醜聞影響Solana生態系統信心

Solana’s memecoin industry has lately generated fresh controversies that have further lowered market mood. Particularly erasing ecosystem confidence is the LIBRA token event, which caused a $4.3 billion market cap wipeout in less than 24 hours. Along with other memecoin-related problems, this one has helped SOL drop 40% from its January peak.

Solana的Memecoin行業最近引起了新的爭議，這些爭議進一步降低了市場情緒。天秤座的事件特別是消除生態系統信心，該事件在不到24小時內造成了43億美元的市值消滅。除了其他與模因有關的問題外，這一問題還幫助Sol從1月的山峰開始下降了40％。

Solana’s Institutional Activity Shows Mixed Signals

Solana的機構活動顯示出混合的信號

Institutional interest is clear even with the pessimistic short-term view. Approvals for Solana-based ETFs are being sought by many companies including Canary Capital, VanEck, 21Shares, and Bitwise. Kelly Greer, managing director of Galaxy, has also tried to alleviate worries about the forthcoming unlock by referring to Solana’s strong daily spot volume of $3.6 billion as perhaps enough to absorb selling pressure.

即使是悲觀的短期觀點，機構的興趣也很明顯。許多公司正在尋求對基於Solana的ETF的批准，包括Canary Capital，Vaneck，21shares和Bitwise。 Galaxy董事總經理凱利·格里爾（Kelly Greer）也試圖通過指出索拉納（Solana）的36億美元的強勁日期量，也可能足以減輕銷售壓力，從而減輕對即將到來的解鎖的擔憂。

SOL/USD Technical Analysis Points to Bearish Sentiment

SOL/USD技術分析指向看跌情感

The market has shown increasingly bearish positioning, with the ratio of long to short positions in futures markets declining from 4:1 to 2.5:1. Binance’s perpetual futures platform reports an even more dramatic shift, with short positions now outweighing longs by 4:1. The technical outlook appears challenging, with SOL having:

該市場顯示出越來越多的看跌地定位，期貨市場中長期與短期位置的比率從4：1下降到2.5：1。 Binance的永久期貨平台報告說，更加巨大的轉變，現在的較短位置超過了4：1。技術前景似乎具有挑戰性，SOL具有：

What’s Next for Solana Price?

Solana Price的下一步是什麼？

Looking ahead, several experts still find Solana’s long-term future bright. Cited as favorable drivers to help reverse the present downturn are the Firedancer improvement and prospective SOL ETF releases in 2025-2026 with possible staking integration. Still, traders wait for the effect of the March 1 token unlocking event, hence immediate market mood stays cautious.

展望未來，幾位專家仍然發現Solana的長期未來光明。被認為是有利的驅動因素來幫助扭轉目前的低迷，這是2025 - 2026年的Firendancer改進和潛在的Sol ETF發行版，並可能存在放置集成。儘管如此，交易者仍在等待3月1日的令牌解鎖事件的效果，因此立即市場情緒保持謹慎。