Solana（Sol）暴跌至100美元以下，Memecoin Mania冷却

在过去的24小时内，Solana（Sol）急剧下降了至关重要的100美元，在加密货币市场中引发了冲击波。

Solana (SOL) slid below the key $100 level in the past 24 hours, pushing it further into bear market territory.

在过去的24小时内，Solana（Sol）在关键$ 100的水平上滑行，将其进一步推向了熊市市场。

Solana price dropped over 14% to hit a low of $96 in the past 24 hours before rebounding slightly. It was trading at around $101 by 07:38 ET on Wednesday.

索拉纳（Solana）的价格下跌了14％以上，在过去24小时内达到了96美元的低点，然后略有反弹。它的交易价格约为101美元，到周三美国东部时间07:38。

Solana’s price has now reached its lowest point in 14 months. The drop also comes amid broader crypto market volatility and macroeconomic fears.

Solana的价格现在已经在14个月内达到了最低点。下降也出现在更广泛的加密市场波动和宏观经济的恐惧之中。

According to CoinGlass, the sharp decline in SOL also led to nearly $71 million in leveraged long positions on Solana being liquidated in the past 24 hours.

根据Coinglass的说法，SOL的急剧下降还导致了过去24小时清算Solana的杠杆率近7100万美元。

Global Trade Tensions Spook Markets

全球贸易紧张刺激市场

Analysts at Benzinga note that several factors may be contributing to the broader crypto market weakness.

Benzinga的分析师指出，几个因素可能导致更广泛的加密货币市场弱点。

Growing global trade disputes and renewed tariff tensions have pushed investors into a risk-off mood.

不断增长的全球贸易纠纷和新的关税紧张局势使投资者陷入了风险的情绪。

The fear of an impending economic slowdown has been weighing heavily on both traditional and digital markets, leading to widespread red across major crypto assets.

对即将来临的经济放缓的恐惧一直在对传统和数字市场都严重打击，从而导致主要的加密资产中的红色广泛。

Solana’s On-Chain Metrics Signal Trouble

Solana的链链指标信号麻烦

Adding to the bearish mood is Solana’s declining on-chain performance.

索拉纳（Solana）的链性表现不断下降。

According to VanEck’s latest analysis of Solana network activity in March, there was a:

根据Vaneck在三月份对Solana网络活动的最新分析，有一个：

* 66% fall in average transaction fees

* 66％的平均交易费用下降

* 34% drop in stablecoin transfer volume

* Stablecoin转移量下降34％

* 53% decrease in DEX trading activity

* DEX交易活动减少53％

VanEck also highlighted a significant loss in DEX market share for Solana, which recently fell to its lowest point since October 2024. This comes just months after the network briefly outpaced Ethereum in DEX trading volume.

Vaneck还强调了Solana的DEX市场份额巨大损失，Solana最近跌至2024年10月以来的最低点。这是在该网络短暂超过DEX交易量的以太坊之后的几个月。

The Rise and Fall of Memecoin Mania

Memecoin躁狂症的兴衰

One major factor behind Solana’s decline is the cooling hype around memecoins.

Solana下降的主要因素是Memecoins周围的冷却炒作。

Daily memecoin volumes on Solana peaked at a staggering $12 billion earlier this year but had plummeted to just $720 million by March.

索拉纳（Solana）的每日纪念品量达到顶峰，今年早些时候以惊人的120亿美元达到顶峰，但到3月，跌至7.2亿美元。

Despite this, memecoins still accounted for 92% of Solana’s total DEX volume last month (excluding SOL and stablecoins), underlining how heavily the network’s activity leans on speculative assets.

尽管如此，Memecoins上个月仍然占Solana总DEX总量的92％（不包括SOL和Stablecoins），这强调了该网络的活动在投机资产上的严重程度。

Institutional Eyes Still on Solana

机构的眼睛仍在Solana上

While retail sentiment may be waning, institutional interest is quietly growing. The Chicago Mercantile Exchange (CME) recently introduced SOL futures contracts, and Volatility Shares followed up with the first-ever SOL futures ETF.

尽管零售情绪可能正在减弱，但机构利益正在悄悄地增长。芝加哥商业交易所（CME）最近引入了Sol Futures合同，而波动性股票随后是有史以来的第一个Sol Futures ETF。

These developments suggest mounting institutional confidence and could potentially lay the groundwork for spot-based Solana ETFs, a move that might reshape the token’s future trajectory.

这些事态发展表明了安装机构的信心，并有可能为基于斑点的Solana ETF奠定基础，此举可能会重塑令牌的未来轨迹。

PayPal Steps In

贝宝步骤

Adding fuel to Solana’s long-term narrative is PayPal’s recent integration of SOL into its crypto offerings. U.S. users can now buy, sell, and transfer Solana through both the PayPal platform and Venmo, signaling rising mainstream adoption despite recent price action.

PayPal最近将SOL将SOL纳入其加密产品中的是，为Solana的长期叙述增加了燃料。现在，美国用户可以通过PayPal平台和Venmo购买，出售和转移Solana，尽管最近的价格采取了行动，但主流采用的发出速度上升。