儘管注入了10B美元的流動性和美國數字資產庫存包含，但Solana（Sol）卻跌到近29％（YTD）（YTD）（YTD）

儘管為加強生態系統的努力，但這種衰退仍在進行，其中包括100億美元的流動性注入及其在美國數字資產中的戰略性包含

Solana (SOL), one of the most promising blockchain networks, has faced a sharp decline in 2025, plummeting nearly 29% year-to-date (YTD).

Solana（Sol）是最有前途的區塊鍊網絡之一，在2025年面臨急劇下降，年底近29％（YTD）。

This downturn comes despite significant efforts to bolster the ecosystem, including a $10 billion liquidity injection and its strategic inclusion in the U.S. Digital Asset Stockpile by President Donald Trump.

儘管付出了重大努力來加強生態系統，包括100億美元的流動性注入及其在美國數字資產中的戰略性納入唐納德·特朗普總統（Donald Trump）庫存。

The unexpected drop raises questions about Solana’s long-term sustainability, market confidence, and whether it can recover in the coming months.

意外的下降引發了有關Solana的長期可持續性，市場信心以及未來幾個月是否可以恢復的問題。

Solana’s Decline in 2025: Breaking Down the Numbers

索拉納（Solana）在2025年的下降：分解數字

According to TradingView data, Solana has been struggling to maintain its momentum since the beginning of the year. As of March 2025, SOL is hovering around significant support levels, with market sentiment indicating caution among investors.

根據TradingView數據，Solana自今年年初以來一直在努力保持其勢頭。截至2025年3月，SOL徘徊在大量的支持水平上，市場情緒表明投資者的謹慎。

Despite the injection of fresh liquidity and its adoption as part of the U.S. government’s Digital Asset Stockpile, the cryptocurrency has not been able to break out of its bearish trend.

儘管注射了新鮮流動性及其作為美國政府數字資產庫存的一部分的採用，但加密貨幣仍無法擺脫其看跌趨勢。

This inclusion alongside Cardano (ADA) and XRP (XRP) was expected to be a bullish catalyst, signaling institutional acceptance of Solana as a key digital asset. However, the anticipated price surge has not materialized, leaving traders and analysts searching for answers.

與Cardano（ADA）和XRP（XRP）一起使用的這種包容性預計將是看漲的催化劑，這是對Solana作為關鍵數字資產的機構接受的信號。但是，預期的價格飆升尚未實現，使交易者和分析師尋求答案。

$10 Billion Liquidity Injection Fails to Lift Solana

100億美元的流動性注入無法解除Solana

Solana’s ecosystem received a massive boost with the introduction of $10 billion in liquidity, aimed at enhancing transaction efficiency and network stability.

Solana的生態系統獲得了巨大的提升，引入了100億美元的流動性，旨在提高交易效率和網絡穩定性。

This capital infusion was expected to attract more institutional investors and drive adoption within decentralized finance (DeFi) and non-fungible token (NFT) markets.

預計這種資本注入將吸引更多的機構投資者，並推動分散的金融（DEFI）和無牙（NFT）市場的採用。

However, the market response has been tepid at best. Several factors may be contributing to this underwhelming performance:

但是，市場反應充其量是溫和的。可能有幾個因素促成這種巨大的表現：

Impact of the U.S. Digital Asset Stockpile on Solana

美國數字資產對Solana的影響

In a landmark move, the U.S. government, under President Trump’s administration, established the Digital Asset Stockpile to solidify America’s position as a leader in the crypto space.

在具有里程碑意義的舉動中，在特朗普總統政府的領導下，美國政府建立了數字資產庫存，以鞏固美國在加密貨幣領域的領導地位。

The stockpile includes Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Cardano (ADA), and Solana (SOL), with the government holding assets acquired through legal seizures and strategic purchases.

股票包括比特幣（BTC），以太坊（ETH），XRP（XRP），Cardano（ADA）和Solana（Sol）（SOL），政府通過法律癲癇發作和戰略購買獲得了資產。

This development was expected to boost investor confidence, but the downward trend of Solana suggests that macroeconomic and on-chain factors may be outweighing the positive sentiment associated with its inclusion.

預計這一發展將增強投資者的信心，但Solana的下降趨勢表明，宏觀經濟和鏈上的因素可能超過了與其包容性相關的積極情緒。

USDC Minting on Solana Surpasses $9.5 Billion

USDC上的Solana鑄造超過95億美元

Another major bullish event was the issuance of over $9.5 billion worth of newly minted USD Coin (USDC) on the Solana blockchain. USDC, a major stablecoin, plays a crucial role in DeFi and cross-border transactions.

另一個重大的看漲活動是在Solana區塊鏈上發布了價值超過95億美元的新鑄造的美元硬幣（USDC）。 USDC是一種主要的穩定幣，在Defi和跨境交易中起著至關重要的作用。

The surge in supply was supposed to enhance liquidity and increase usage within the Solana ecosystem.

供應的激增應該可以提高流動性並增加索拉納生態系統中的使用情況。

However, the price action of SOL has not reflected this fundamental strength. While increased USDC issuance may indicate growing adoption, it does not necessarily translate to immediate price appreciation.

但是，SOL的價格行動並未反映出這一基本力量。儘管USDC發行的增加可能表明採用量的增長，但它不一定轉化為立即的價格讚賞。

The lack of strong buying pressure despite the liquidity boost suggests underlying concerns about Solana’s ability to sustain long-term growth.

儘管流動性提高，但缺乏強大的購買壓力表明，人們對索拉納（Solana）維持長期增長的能力的根本關注。

Technical Analysis: Can Solana Recover?

技術分析：Solana可以恢復嗎？

From a technical standpoint, Solana is currently testing key support levels. If SOL fails to hold above crucial price zones, further downside pressure could emerge, potentially pushing the cryptocurrency toward lower support regions. Conversely, a strong bounce from these levels could indicate a reversal in trend.

從技術角度來看，Solana目前正在測試關鍵支持水平。如果SOL無法保持高於關鍵的價格區域，則可能會出現進一步的下行壓力，從而將加密貨幣推向較低的支撐區域。相反，這些水平的強烈反彈可能表明趨勢逆轉。

Key Support Levels:

關鍵支持級別：

Key Resistance Levels:

關鍵阻力水平：

For a bullish reversal, Solana must break above the $110 resistance with strong volume, supported by renewed investor confidence and improved network performance.

對於看漲的逆轉，Solana必須在重新投資者的信心和改善網絡性能的支持下，超過110美元的電阻，並以強勁的量為數量。

What’s Next for Solana?

Solana的下一步是什麼？

Despite the price slump, Solana remains a major player in the blockchain industry. Its high-speed transactions, low fees, and strong developer community continue to attract projects and partnerships. The long-term outlook will depend on several factors:

儘管價格低迷，但Solana仍然是區塊鏈行業的主要參與者。它的高速交易，低費用和強大的開發人員社區繼續吸引項目和合作夥伴關係。長期前景將取決於幾個因素：

The coming months will be crucial for Solana’s trajectory. While the recent downturn has raised concerns, the blockchain’s strong fundamentals and ongoing developments indicate that a potential rebound could be on the horizon. Investors should closely monitor market trends and Solana’s ability to regain bullish momentum.

未來幾個月對於Solana的軌跡至關重要。儘管最近的低迷引起了人們的關注，但區塊鏈的強大基本面和持續的發展表明，潛在的反彈可能會出現。投資者應密切監視市場趨勢和索拉納（Solana）恢復看漲勢頭的能力。