Solana（Sol）價格在一個月內下跌40％，分析師稱其為“完美風暴”

高性能區塊鏈平台Solana的本地數字資產Sol在2月18日星期二下跌至近160.00美元。

Solana's (CRYPTO: SOL) price has taken a beating in the last month, dropping more than 40% as multiple converging factors have created what one analyst described as a “perfect storm.”

索拉納（Crypto：Sol）的價格在上個月進行了毆打，隨著多個收斂因素的創造，一位分析師所說的“完美風暴”，下降了40％以上。

Here's a closer look at some of the key factors that have contributed to SOL's recent decline:

這是對Sol最近下降的一些關鍵因素的仔細研究：

Meme coin mania cooling: According to Aran Hawker, CEO of CoinPanel, the meme coin mania that once drove interest in Solana has cooled, leading to declining investor interest in the cryptocurrency.

Meme Coin Mania冷卻：根據Coinpanel首席執行官Aran Hawker的說法，Meme Coin Mania曾經引起人們對Solana的興趣，這使投資者對加密貨幣的興趣下降。

On-chain activity decreasing: Hawker also pointed to a sharp decrease in on-chain activity, with active addresses and transaction volumes on the Solana network declining significantly.

鏈活動的降低：小鷹隊還指出，鏈上活性的急劇下降，Solana網絡上的主動地址和交易量顯著下降。

Recent activity on the X (Twitter) account of blockchain analyst Ali (@Ali_charts) showed a Glassnode chart indicating that the number of active addresses on Solana dropped from over 18.5 million in late October to less than 8.4 million on February 15.

在X（Twitter）帳戶（@Ali_Charts）的X（Twitter）帳戶上的最新活動顯示，玻璃節圖表明，Solana上的活動地址的數量從10月下旬的1850萬以上降至2月15日的840萬。

Recent developments involving LIBRA coin, a project that quickly accumulated a market capitalization of $4.5 billion but then lost 90% of its value, have also had an impact, according to some analysts.

據一些分析師稱，涉及天秤座硬幣的最新發展，該項目迅速積累了45億美元的市值，但隨後損失了其價值的90％，也產生了影響。

In a post on X, which was later deleted, Argentina President Javier Milei endorsed the digital asset, which is linked to a project called Libra that is said to help generate funding for small and medium-sized enterprises in Argentina, CoinDesk reported.

Coindesk報導，在後來刪除的X文章中，阿根廷總統Javier Milei認可了數字資產，該資產與一個名為Libra的項目有關，據說該項目有助於為阿根廷的中小型企業籌集資金。

These events have eroded investor confidence in Solana-based projects, according to DiPasquale.

根據Dipasquale的說法，這些事件侵蝕了投資者對基於Solana的項目的信心。

Another major development that analysts have cited as putting bearish pressure on SOL prices is the March 1 token unlock, which will increase the token's total supply by 11.16 million.

分析師認為對SOL價格施加看跌壓力的另一個重大發展是3月1日的令牌解鎖，這將使令牌的總供應量增加116萬。

“The March 1 token unlock for SOL will increase the token's total supply from 384.8 million to 496.3 million, an increase of 11.16 million tokens,” Hawker said.

霍克說：“ 3月1日的SOL代幣解鎖將使令牌的總供應從3.848億增加到4.963億，增加了116萬個令牌。”

“We have seen an influx of institutions swapping out SOL for ETH with this pressure looming. We can see this in the derivatives markets as the Deribit open interest shifted from 75% sol in January to 35% sol now.”

“我們已經看到，隨著這種壓力迫在眉睫，大量機構將SOL換成ETH。我們可以在衍生品市場中看到這一點，因為deribit的開放利息從一月份的75％轉移到現在的35％的溶膠。”

One market observer sees bitcoin's price action and the LIBRA situation differently, highlighting how they have impacted other digital currencies.

一個市場觀察者認為比特幣的價格行動和天秤座的情況有所不同，強調了它們如何影響其他數字貨幣。

“Since January 2025 Bitcoin topped off at about $109,000 which we know was primarily fueled by the first pro crypto administration in American history that acted as fundamental analysis and the demand of Bitcoin ETFs, according to Bitwise inflows in 1/25 hit ~$5 Billion,” said the TikTok influencer who goes by Wendy O.

“自2025年1月以來，比特幣以大約109,000美元的價格發行，我們知道這主要是由美國歷史上第一個專業加密政府助長的，該政府是基本分析和比特幣ETF的需求，根據1 /25的鑽頭流入率，約有50億美元，這是對比特幣ETF的需求。 tiktok有影響力的人說，他是溫迪·O。

“This caused a lot of資金 to rotate out of altcoins and into bitcoin, causing many altcoins to top out.”

“這導致了很多資金旋轉，從山寨幣中旋轉並進入比特幣，從而導致許多山寨幣頂上。”

This chart shows bitcoin's recent price action:

該圖表顯示了比特幣最近的價格動作：

This chart highlights bitcoin's recent price action.

該圖表突出了比特幣最近的價格動作。

“Solana also topped off at ~294 January 2025 which aligns with Bitcoin price action,” Wendy O said via emailed comments.

溫迪·O通過電子郵件評論說：“索拉納還在2025年1月294日左右與比特幣價格行動保持一致。”

“Unfortunately, with the Argentina Memecoin LIBRA debacle that exposed some bad actors and builders on the Solana blockchain, the whole entire industry has been impacted. The USA still does not have set guidelines on crypto despite President Trump’s executive order and this incident has been compared to the fall of FTX sentiment wise.”

“不幸的是，隨著阿根廷紀念日天秤座的崩潰，在索拉納區塊鏈上暴露了一些不良演員和建築商，整個行業都受到了影響。儘管特朗普總統的行政命令與FTX情緒的淪陷相比，美國仍然沒有製定有關加密貨幣的準則。”

I own some bitcoin, bitcoin cash, litecoin, ether, EOS and SOL.

我擁有一些比特幣，比特幣現金，Litecoin，Ether，EOS和Sol。