网络活动和转移量的急剧下降

Solana Price的网络活动急剧下降，转移量从2024年11月19日的19.9亿美元下降

Solana price has seen a sharp decline in network activity, with transfer volume dropping from $1.99 billion on November 19, 2024, to $14.57 million on February 23, 2025. This decline coincides with a fall in SOL’s price from $238.02 to $168.07 over the same period. The decrease in transaction flow may be troubling as it raises concerns about network engagement and investor confidence.

Solana Price的网络活动急剧下降，转移量从2024年11月19日的19.9亿美元下降到2025年2月23日的1457万美元。与同一时期的Sol的价格从238.02美元下跌至168.07美元。交易流量的减少可能令人不安，因为它引起了人们对网络参与和投资者信心的担忧。

Solana’s transfer volume peaked in mid-November before entering a period of decline. The drop has been steady, with a few temporary rebounds. Since the end of December, traffic in the network has decreased, and it therefore can be assumed that there are fewer on-chain transactions.

索拉纳（Solana）的转移量在11月中旬达到顶峰，然后进入了一段衰落。下降是稳定的，有一些临时的篮板。自12月底以来，网络中的流量已经减少，因此可以假定链交易量更少。

The current value is $14.57 million that has clearly deviated from the peak of $1.37 billion reached in November and is less transaction throughput on the network. This move indicates that the users and investors may be inactive by not investing in new opportunities and reducing their trading activity.

目前的价值为1457万美元，显然已经从11月达到13.7亿美元的高峰偏离，并且在网络上的交易吞吐量较少。此举表明，用户和投资者可能不投资新机会并减少交易活动而无效。

Solana is trading lower from its peak price due to several factors. The main reason is that the Total Value Locked (TVL) of the Solana ecosystem has been decreasing. It started at $10 billion in January of 2023 and is now at 8.8billion.

由于多个因素，索拉纳的交易价格低于其峰值。主要原因是Solana生态系统的总价值锁定（TVL）一直在减少。它于2023年1月起价为100亿美元，现在为88亿美元。

The other factor that can cause this is the shift of liquidity to other blockchains. More than $500 million has shifted so far to Ethereum, Arbitrum, and other chains in the last 1 month. This suggests that some investors are migrating to an alternative platform, perhaps to take advantage of superior incentives, or the platform thought Solana had shortcomings which would hinder its performance.

可能引起这一点的另一个因素是将流动性转移到其他区块链。在过去的一个月中，到目前为止，超过5亿美元转移到了以太坊，仲裁和其他连锁店。这表明一些投资者正在迁移到替代平台，也许是为了利用优越的激励措施，或者平台认为Solana的缺点会阻碍其性能。

Also, the fluctuations in the market led to the changes in Solana-based meme coin prices. As per the data of the month, December 2024, Solana-related meme coins had a market capitalization of $ 25 billion, which has now declined to $ 8.3 billion. The tokens have dipped in value from 80% to 90% as less people are investing in the Solana ecosystem due to lack of hype.

此外，市场上的波动导致了基于索拉纳的模因硬币价格的变化。根据2024年12月的月份数据，与Solana相关的模因硬币的市值为250亿美元，现已下降到83亿美元。由于缺乏炒作，令牌的价值从80％下降到90％。

Another downside is that the company has a value to be unlocked on 1st of March 2025 amounting 11.2 million SOL tokens, which is equivalent to over 2 billion dollars. This amounts to an inflation of 10% annually, and there are 16.1 million tokens to be issued between February and May 2025.

另一个缺点是，该公司在2025年3月1日有一个价值为1,120万个SOL令牌，相当于超过20亿美元。这相当于每年10％的通货膨胀率，在2月至2025年5月之间将发行1610万个令牌。

Some were purchased at cheaper rates during the FTX related sales and hence they may opt to sell at high rates provided they purchased at $64 per SOL. This trader has already moved $38mln worth of SOLs to Binance where it is possible that he is waiting for further positions.

在FTX相关的销售期间，有些以便宜的价格购买，因此，只要以每辆溶胶的64美元购买，他们可能会选择以高价出售。这位交易员已经将价值3800万美元的溶胶将其转移到了Binance，在那里他可能正在等待进一步的职位。

There is high volatility in sentiment due to the unknown approval time of the Solana ETF in the United States. Interested firms that have applied for such funds include Franklin Templeton, Grayscale Investments and Bitwise amongst other firms. Nevertheless, there are still rather high levels of regulatory risk, which has cast doubts about the time horizon for approval.

由于美国ETF的批准未知时间，情绪的波动率很高。申请此类资金的有兴趣的公司包括富兰克林·邓普顿（Franklin Templeton），灰度投资和其他公司。然而，仍然存在相当高的监管风险，这引起了人们对批准时间范围的怀疑。

There is an indication that Solana is in a downward trend currently as depicted by very important supports at $140 and $130. The RSI fell to 26.10 thus implying the SOL is oversold in the current trend.

有一个迹象表明，索拉纳（Solana）目前处于下降趋势，这是非常重要的支持，为140美元和130美元。 RSI跌至26.10，因此表明SOL在当前趋势中超出了销售。

Meanwhile, Cumulative Volume Delta (CVD) is currently negative at -31.31K, showing that selling volume surpasses buying activity. This confirms the ongoing downtrend and continued selling pressure on Solana.

同时，累计数量增量（CVD）目前为-31.31k，表明销售量超过了购买活动。这证实了正在进行的下降趋势，并继续向Solana销售压力。

This implies that a short-term rally to retest $150 – $155 may be experienced if the buyers come in. But if the selling pressure persists, it will likely break below $138 support with the next potential low $130.

这意味着，如果买家进来，可能会经历150美元至155美元的短期集会。但是，如果销售压力持续下去，它可能会在138美元的支持下损失低于138美元的支持，而下一个潜在的低价130美元。

In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

在本文中，作者或任何人所指定的观点和观点仅用于信息目的，并且他们不建立投资，财务或任何其他建议。对加密货币资产进行交易或投资具有财务损失的风险。

Olivia Stephanie is a FinTech enthusiast with a keen understanding of financial markets. Her passion for economics and finance has led her to explore emerging blockchain technology and cryptocurrency markets.

奥利维亚·斯蒂芬妮（Olivia Stephanie）是一位金融科技爱好者，对金融市场有敏锐的了解。她对经济和金融的热情使她探索了新兴的区块链技术和加密货币市场。