Solana（Sol）每月30％下降，$ 2B代币解锁在DEX数量下降的下降

自12月中旬以来，索拉纳（Solana）的分散交易所（DEX）交易量已达到其最低点，并在2月16日下降到26.1亿美元。

Solana’s decentralized exchange (DEX) trading volume has hit a low not seen since mid-December, dropping to $2.61 billion on February 16.

自12月中旬以来，索拉纳（Solana）的分散交易（DEX）交易量已经达到低点，并在2月16日下降到26.1亿美元。

Solana price analysis

Solana价格分析

This decline coincides with a broader downturn in the Solana ecosystem, with weekly DEX volume falling to $20.2 billion, marking a fifth consecutive week of decline. Leading DEX platforms Raydium and Orca experienced significant volume reductions of 45% and 30% respectively, though Meteora managed to buck the trend with an 18% increase.

这种下降与Solana生态系统的低迷相吻合，每周DEX量下降到202亿美元，标志着连续第五周下降。领先的DEX平台Raydium和Orca分别降低了45％和30％，尽管Meteora设法以增长了18％的趋势来阻止这一趋势。

Major Token Unlock Event Sparks Market Concern

主要令牌解锁事件火花市场关注

In addition to market pressures, Solana SOL/USD has a major token unlocking event on March 1 with 11.2 million SOL tokens (value around $2.06 billion) ready to be unleashed. Mostly including tokens bought during FTX bankruptcy auctions at $64 by companies including Galaxy, Pantera, and Figure, this unlock represents 2.31% of the entire supply and market capital value.

除市场压力外，Solana Sol/USD在3月1日举行了重大的令牌解锁活动，其中有1,120万个SOL令牌（价值约为20.6亿美元）可以释放。包括Galaxy，Pantera和Tigure在内的FTX破产拍卖中购买的代币，包括64美元，此解锁占整个供应和市值的2.31％。

Memecoin Scandals Impact Solana Ecosystem Confidence

Memecoin丑闻影响Solana生态系统信心

Solana’s memecoin industry has lately generated fresh controversies that have further lowered market mood. Particularly erasing ecosystem confidence is the LIBRA token event, which caused a $4.3 billion market cap wipeout in less than 24 hours. Along with other memecoin-related problems, this one has helped SOL drop 40% from its January peak.

Solana的Memecoin行业最近引起了新的争议，这些争议进一步降低了市场情绪。天秤座的事件特别是消除生态系统信心，该事件在不到24小时内造成了43亿美元的市值消灭。除了其他与模因有关的问题外，这一问题还帮助Sol从1月的山峰开始下降了40％。

Solana’s Institutional Activity Shows Mixed Signals

Solana的机构活动显示出混合的信号

Institutional interest is clear even with the pessimistic short-term view. Approvals for Solana-based ETFs are being sought by many companies including Canary Capital, VanEck, 21Shares, and Bitwise. Kelly Greer, managing director of Galaxy, has also tried to alleviate worries about the forthcoming unlock by referring to Solana’s strong daily spot volume of $3.6 billion as perhaps enough to absorb selling pressure.

即使是悲观的短期观点，机构的兴趣也很明显。许多公司正在寻求对基于Solana的ETF的批准，包括Canary Capital，Vaneck，21shares和Bitwise。 Galaxy董事总经理凯利·格里尔（Kelly Greer）也试图通过指出索拉纳（Solana）的36亿美元的强劲日期量，也可能足以减轻销售压力，从而减轻对即将到来的解锁的担忧。

SOL/USD Technical Analysis Points to Bearish Sentiment

SOL/USD技术分析指向看跌情感

The market has shown increasingly bearish positioning, with the ratio of long to short positions in futures markets declining from 4:1 to 2.5:1. Binance’s perpetual futures platform reports an even more dramatic shift, with short positions now outweighing longs by 4:1. The technical outlook appears challenging, with SOL having:

该市场显示出越来越多的看跌地定位，期货市场中长期与短期位置的比率从4：1下降到2.5：1。 Binance的永久期货平台报告说，更加巨大的转变，现在的较短位置超过了4：1。技术前景似乎具有挑战性，SOL具有：

What’s Next for Solana Price?

Solana Price的下一步是什么？

Looking ahead, several experts still find Solana’s long-term future bright. Cited as favorable drivers to help reverse the present downturn are the Firedancer improvement and prospective SOL ETF releases in 2025-2026 with possible staking integration. Still, traders wait for the effect of the March 1 token unlocking event, hence immediate market mood stays cautious.

展望未来，几位专家仍然发现Solana的长期未来光明。被认为是有利的驱动因素来帮助扭转目前的低迷，这是2025 - 2026年的Firendancer改进和潜在的Sol ETF发行版，并可能存在放置集成。尽管如此，交易者仍在等待3月1日的令牌解锁事件的效果，因此立即市场情绪保持谨慎。