Solana (SOL) 價格自 11 月 22 日以來大幅下跌

根據 TradingView 的 Coinbase 數據，高吞吐量 Solana 平台的原生代幣 SOL 在 12 月 20 日接近 175.00 美元。

Solana (SOL) prices have declined sharply over the last several weeks, falling more than 30% since reaching an all-time high in late November.

Solana (SOL) 價格在過去幾週大幅下跌，自 11 月底達到歷史高點以來已下跌超過 30%。

Multiple market analysts have offered their takes on what may be driving this weakness in the SOL token, ranging from health consolidation to concerns about declining activity on the token’s native platform.

多名市場分析師對 SOL 代幣疲軟的原因提出了自己的看法，從健康整合到對代幣原生平台活動下降的擔憂。

SOL prices approached $175.00 on December 20, according to Coinbase data from TradingView.

根據 TradingView 的 Coinbase 數據，12 月 20 日 SOL 價格接近 175.00 美元。

At this point, the digital currency was down approximately 32% since reaching an all-time high of more than $257.00 on November 22, additional Coinbase figures from TradingView reveal.

TradingView 的額外 Coinbase 數據顯示，自 11 月 22 日達到超過 257.00 美元的歷史高點以來，目前該數位貨幣已下跌約 32%。

Since then, the cryptocurrency has recovered somewhat, but it has been unable to recover most of the ground it lost since late November, trading near $185 at the time of this writing.

此後，加密貨幣有所回升，但無法收復自 11 月底以來的大部分失地，在撰寫本文時交易價格接近 185 美元。

Several potential explanations for this weakness in the SOL token were offered by market analysts, including health consolidation and more serious concerns about declining activity on the token’s native platform.

市場分析師對 SOL 代幣的這一弱點提出了幾種可能的解釋，包括健康整合以及對代幣原生平台活動下降的更嚴重擔憂。

“Solana has been in a down trend since breaking 2021’s all-time high of $260 with a swing wick high of $263.83 on the weekly Nov 22, 2024,” TikTok influencer who goes by Wendy O emphasized through emailed comments.

「自2021 年260 美元的歷史高點突破2021 年260 美元的歷史高點以來，Solana 一直處於下跌趨勢，2024 年11 月22 日週線高點為263.83 美元，」TikTok 網紅Wendy O 在電子郵件評論中強調。

“This could be because of Bitcoin’s inability to sustain $100,000 or due to 2024 wrapping up, traders and investors taking profits before 2025 or the markets just cooling down in general as some uncertainty comes Q1 2025 as we expect a new administration,” she stated.

她表示：「這可能是因為比特幣無法維持10 萬美元，或者由於2024 年即將結束，交易員和投資者在2025 年之前獲利了結，或者市場總體降溫，因為我們預計新政府將在2025 年第一季出現一些不確定性。

Samsung’s Android 15 Leak—Bad News For Nearly All Galaxy Owners

三星 Android 15 洩漏—對幾乎所有 Galaxy 用戶來說都是壞消息

Dark Web Facial ID Farm Warning—Hackers Build Identity Fraud Database

暗網臉部 ID 農場警告－駭客建立身分詐騙資料庫

Tesla CEO Elon Musk Issues U.S. Bankruptcy Warning Amid Calls For A Bitcoin-Inspired ‘Fix’

特斯拉執行長馬斯克發出美國破產警告，呼籲進行比特幣啟發的“修復”

Uncertain Policy Outlook

政策前景不確定

The analyst pointed out that while former President Donald Trump’s reelection has bolstered cryptocurrency markets, there are many uncertainties surrounding exactly what will happen when he returns to the Oval Office.

這位分析師指出，雖然前總統川普的連任提振了加密貨幣市場，但當他重返橢圓形辦公室時，具體會發生什麼仍存在許多不確定性。

Earlier this month, Trump revealed that he planned to nominate Paul Atkins, who previously served as a commissioner for the U.S. Securities and Exchange Commission, for the government agency’s top post.

本月早些時候，川普透露，他計劃提名曾擔任美國證券交易委員會委員的保羅·阿特金斯擔任該政府機構的最高職位。

Atkins, who currently serves as the CEO of Patomak Global Partners LLC, is expected to take a more pro-business approach to regulation than current SEC Chair Gary Gensler, who has made headlines for his aggressive approach toward cryptocurrency/blockchain industry participants.

目前擔任Patomak Global Partners LLC 執行長的阿特金斯預計將採取比現任SEC 主席加里·詹斯勒(Gary Gensler) 更加親商的監管方式，後者因對加密貨幣/區塊鏈行業參與者採取積極態度而成為頭條新聞。

Falling Network Activity

網路活動下降

One analyst in particular highlighted the sharp change in activity that the Solana network has experienced over the last several weeks.

一位分析師特別強調了 Solana 網路在過去幾週內經歷的活動急劇變化。

“Since the end of Nov, Solana has seen a marked decrease in both network activity (daily transactions have nearly halved since Nov 20) and TVL (total value locked) in its DeFi applications,” Alex Lin, cofounder and general partner at venture capital firm Reforge, wrote via email.

「自11 月底以來，Solana 的DeFi 應用程式中的網路活動（自11 月20 日以來每日交易量幾乎減少了一半）和TVL（鎖定總價值）均顯著下降，」創投聯合創始人兼普通合夥人Alex Lin Reforge 公司透過電子郵件寫道。

“The decrease in network activity can most likely be attributed to the shifting narrative around Solana itself with newer or alternative platforms like Hyperliquid capturing the majority of mindshare for performance and innovation,” he stated, referring to the decentralized exchange, which has managed to generate significant visibility.

他表示：「網路活動的減少很可能是由於Solana 本身的敘述發生了變化，Hyperliquid 等更新或替代平台佔據了性能和創新的大多數思維份額。」他指的是去中心化交易所，該交易所已成功產生了顯著的可見度。

“Hyperliquid touts itself as the blockchain to house all finance and has recently seen inflows of more than $1bn and hitting $3.2bn in TVL since launching its native token last month despite having major centralization concerns,” said Lin.

Lin 表示：「Hyperliquid 標榜自己是容納所有金融的區塊鏈，儘管存在嚴重的中心化擔憂，但自上個月推出其原生代幣以來，最近資金流入超過 10 億美元，TVL 達到 32 億美元。”

In addition, he emphasized that “Solana is more sensitive to market sentiment shifts compared to BTC or ETH as its growth in 2024 can be attributed to more speculative activities associated with its ecosystem such as memecoins and high-leverage trading.”

此外，他強調，“與 BTC 或 ETH 相比，Solana 對市場情緒變化更加敏感，因為其 2024 年的增長可歸因於與其生態系統相關的更多投機活動，例如 memecoin 和高槓桿交易。”

A Healthy Consolidation

健康的整合

The analyst also offered a separate, and more neutral possible explanation for the recent declines in the SOL token.

這位分析師也對 SOL 代幣最近的下跌提供了一個單獨的、更中立的可能解釋。

“Solana's price might have been disproportionately affected by market conditions historically and is now experiencing a healthy correction,” Lin noted.

「從歷史上看，Solana 的價格可能會受到市場狀況的不成比例的影響，但現在正在經歷健康的調整，」Lin 指出。

Tim Enneking, managing partner of Psalion, seemed to be on the same page.

Psalion 的管理合夥人 Tim Enneking 似乎也有同樣的看法。

When asked what fueled the recent drop in SOL prices, he stated that “In this case, I think the answer is relatively straightforward: markets, and Solana in particular, have moved very far very fast and they are now consolidating. This is actually a very healthy consolidation prior to the next move up.”

當被問及是什麼推動了近期 SOL 價格下跌時，他表示：「在這種情況下，我認為答案相對簡單：市場，尤其是 Solana，已經發展得非常快，而且現在正在整合。這實際上是下一步上漲之前非常健康的盤整。

To delve further into this matter, the author of this article inquired into whether profit taking caused this downward price movement, to which Enneking replied “That’s clearly part of the consolidation, as well as tax considerations (especially given that the wash sale rule doesn

為了進一步探討這個問題，本文作者詢問了獲利回吐是否導致了價格下跌，恩內金回答說：「這顯然是合併的一部分，也是稅收考慮的一部分（特別是考慮到洗售規則不