索拉納（Solana）在二月份洩漏了4.85億美元

去年2月，Solana區塊鏈記錄了資本外流，達到4.85億美元。這些資金主要遷移到以太坊，仲裁和BNB鏈

In a context of increasing uncertainty in the crypto market, Solana experienced a capital hemorrhage in February 2025. Investors, burned by scandals related to memecoins and the recent record hack of Bybit, are massively turning towards digital assets deemed safer.

在加密市場不確定性越來越大的情況下，索拉納（Solana）在2025年2月經歷了資本出血。投資者，被與紀念因素有關的醜聞而燒毀，最近的bybit紀錄黑客攻擊卻大大地轉向了被認為更安全的數字資產。

Solana suffers a leak of 485 million dollars in February

索拉納（Solana）在二月份洩漏了4.85億美元

Last February, the Solana blockchain recorded capital outflows reaching 485 million dollars. These funds primarily migrated to Ethereum, Arbitrum, and the BNB chain, according to a report by Binance Research. This massive outflow is part of a broader movement of distrust towards digital assets considered risky.

去年2月，Solana區塊鏈記錄了資本外流，達到4.85億美元。根據Binance Research的一份報告，這些資金主要遷移到以太坊，仲裁和BNB鏈。這種大規模流出是對被認為風險的數字資產不信任的更廣泛運動的一部分。

The historic hack of Bybit on February 21, with 1.4 billion dollars stolen, significantly worsened the negative sentiment among investors. This hack, the largest in the history of cryptocurrencies, heightened the already present risk aversion in the markets.

2月21日，歷史悠久的拜比特黑客被盜了14億美元，這大大加劇了投資者的負面情緒。這種黑客是加密貨幣歷史上最大的駭客，增強了市場上已經存在的風險規避。

The scandals related to memecoins on Solana also played a decisive role in this exodus. The case of the Libra token, associated with Argentine President Javier Milei, particularly left a mark.

與索拉納（Solana）上的成人有關的醜聞在此出埃及記中也起著決定性的作用。與阿根廷總統哈維爾·米利（Javier Milei）相關的天秤座代幣的案件，尤其是留下了自己的印記。

Insiders from the project allegedly siphoned off more than 107 million dollars during a massive withdrawal, causing a 94% crash in price and wiping out 4 billion dollars in investments within hours.

據稱，該項目的內部人士在大規模撤離期間將超過1.07億美元撤銷，導致價格94％的墜機事故，並在幾個小時內消除了40億美元的投資。

Investors seek refuge in more stable values

投資者尋求更穩定的價值觀的庇護

In light of this situation, a clear trend is emerging: investors now prioritize security. The dominance of Bitcoin in the market increased by 1% to reach 59.6%, confirming its status as a safe haven in the crypto ecosystem.

鑑於這種情況，明確的趨勢正在出現：投資者現在優先考慮安全。比特幣在市場上的優勢增加了1％，達到59.6％，證實了其作為加密生態系統中避風港的地位。

Stablecoins also benefited from this movement, with their market capitalization exceeding the historical record of 224 billion dollars. Meanwhile, real-world assets (RWAs) surpassed 17.1 billion dollars, distributed among 82,000 holders.

Stablecoins也從這一運動中受益，其市值超過了2240億美元的歷史記錄。同時，現實世界中的資產（RWA）超過了171億美元，分佈在82,000個持有人中。

This capital rotation is also explained by macroeconomic factors such as the escalation of trade tensions and diminishing expectations for interest rate cuts. In this unstable environment, investors prefer to “take their tokens off the table” and hold stable coins as an alternative.

宏觀經濟因素（例如貿易緊張局勢的升級和對降低利率降低的期望下降）也解釋了這種資本輪換。在這個不穩定的環境中，投資者更喜歡“將其脫離餐桌取下”，並將穩定的硬幣作為替代方案。

The negative sentiment towards Solana is also reflected in a surge in short positions in the futures markets. The ratio of long to short positions abruptly dropped from 4 to 2.5, signaling a radical change in traders’ expectations. On Binance, investors are now betting four times more on the downside than on the upside.

對索拉納的負面情緒也反映在期貨市場的短期內。長期與短職位的比率從4下降到2.5，這表明交易者的期望發生了根本性的變化。關於二手資金，投資者現在的局面投資是比上升方案要多四倍。

The Solana ecosystem, despite its technical performance, is now paying the price for the transformation of memecoins from “community-driven social experiments” into “a chaotic landscape dominated by value extraction”. Without a resurgence of confidence, this trend could intensify and permanently undermine this promising blockchain.

Solana生態系統儘管具有技術性能，但現在正在為Memecoins從“社區驅動的社會實驗”轉變為“以價值提取為主的混亂景觀”的轉換付出代價。沒有信心的複興，這種趨勢可能會加劇並永久破壞這一有希望的區塊鏈。

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