Solana（Sol）暴跌至100美元以下，Memecoin Mania冷卻

在過去的24小時內，Solana（Sol）急劇下降了至關重要的100美元，在加密貨幣市場中引發了衝擊波。

Solana (SOL) slid below the key $100 level in the past 24 hours, pushing it further into bear market territory.

在過去的24小時內，Solana（Sol）在關鍵$ 100的水平上滑行，將其進一步推向了熊市市場。

Solana price dropped over 14% to hit a low of $96 in the past 24 hours before rebounding slightly. It was trading at around $101 by 07:38 ET on Wednesday.

索拉納（Solana）的價格下跌了14％以上，在過去24小時內達到了96美元的低點，然後略有反彈。它的交易價格約為101美元，到週三美國東部時間07:38。

Solana’s price has now reached its lowest point in 14 months. The drop also comes amid broader crypto market volatility and macroeconomic fears.

Solana的價格現在已經在14個月內達到了最低點。下降也出現在更廣泛的加密市場波動和宏觀經濟的恐懼之中。

According to CoinGlass, the sharp decline in SOL also led to nearly $71 million in leveraged long positions on Solana being liquidated in the past 24 hours.

根據Coinglass的說法，SOL的急劇下降還導致了過去24小時清算Solana的槓桿率近7100萬美元。

Global Trade Tensions Spook Markets

全球貿易緊張刺激市場

Analysts at Benzinga note that several factors may be contributing to the broader crypto market weakness.

Benzinga的分析師指出，幾個因素可能導致更廣泛的加密貨幣市場弱點。

Growing global trade disputes and renewed tariff tensions have pushed investors into a risk-off mood.

不斷增長的全球貿易糾紛和新的關稅緊張局勢使投資者陷入了風險的情緒。

The fear of an impending economic slowdown has been weighing heavily on both traditional and digital markets, leading to widespread red across major crypto assets.

對即將來臨的經濟放緩的恐懼一直在對傳統和數字市場都嚴重打擊，從而導致主要的加密資產中的紅色廣泛。

Solana’s On-Chain Metrics Signal Trouble

Solana的鍊鍊指標信號麻煩

Adding to the bearish mood is Solana’s declining on-chain performance.

索拉納（Solana）的鏈性表現不斷下降。

According to VanEck’s latest analysis of Solana network activity in March, there was a:

根據Vaneck在三月份對Solana網絡活動的最新分析，有一個：

* 66% fall in average transaction fees

* 66％的平均交易費用下降

* 34% drop in stablecoin transfer volume

* Stablecoin轉移量下降34％

* 53% decrease in DEX trading activity

* DEX交易活動減少53％

VanEck also highlighted a significant loss in DEX market share for Solana, which recently fell to its lowest point since October 2024. This comes just months after the network briefly outpaced Ethereum in DEX trading volume.

Vaneck還強調了Solana的DEX市場份額巨大損失，Solana最近跌至2024年10月以來的最低點。這是在該網絡短暫超過DEX交易量的以太坊之後的幾個月。

The Rise and Fall of Memecoin Mania

Memecoin躁狂症的興衰

One major factor behind Solana’s decline is the cooling hype around memecoins.

Solana下降的主要因素是Memecoins周圍的冷卻炒作。

Daily memecoin volumes on Solana peaked at a staggering $12 billion earlier this year but had plummeted to just $720 million by March.

索拉納（Solana）的每日紀念品量達到頂峰，今年早些時候以驚人的120億美元達到頂峰，但到3月，跌至7.2億美元。

Despite this, memecoins still accounted for 92% of Solana’s total DEX volume last month (excluding SOL and stablecoins), underlining how heavily the network’s activity leans on speculative assets.

儘管如此，Memecoins上個月仍然佔Solana總DEX總量的92％（不包括SOL和Stablecoins），這強調了該網絡的活動在投機資產上的嚴重程度。

Institutional Eyes Still on Solana

機構的眼睛仍在Solana上

While retail sentiment may be waning, institutional interest is quietly growing. The Chicago Mercantile Exchange (CME) recently introduced SOL futures contracts, and Volatility Shares followed up with the first-ever SOL futures ETF.

儘管零售情緒可能正在減弱，但機構利益正在悄悄地增長。芝加哥商業交易所（CME）最近引入了Sol Futures合同，而波動性股票隨後是有史以來的第一個Sol Futures ETF。

These developments suggest mounting institutional confidence and could potentially lay the groundwork for spot-based Solana ETFs, a move that might reshape the token’s future trajectory.

這些事態發展表明了安裝機構的信心，並有可能為基於斑點的Solana ETF奠定基礎，此舉可能會重塑令牌的未來軌跡。

PayPal Steps In

貝寶步驟

Adding fuel to Solana’s long-term narrative is PayPal’s recent integration of SOL into its crypto offerings. U.S. users can now buy, sell, and transfer Solana through both the PayPal platform and Venmo, signaling rising mainstream adoption despite recent price action.

PayPal最近將SOL將SOL納入其加密產品中的是，為Solana的長期敘述增加了燃料。現在，美國用戶可以通過PayPal平台和Venmo購買，出售和轉移Solana，儘管最近的價格採取了行動，但主流採用的發出速度上升。