尽管注入了10B美元的流动性和美国数字资产库存包含，但Solana（Sol）却跌到近29％（YTD）（YTD）（YTD）

尽管为加强生态系统的努力，但这种衰退仍在进行，其中包括100亿美元的流动性注入及其在美国数字资产中的战略性包含

Solana (SOL), one of the most promising blockchain networks, has faced a sharp decline in 2025, plummeting nearly 29% year-to-date (YTD).

Solana（Sol）是最有前途的区块链网络之一，在2025年面临急剧下降，年底近29％（YTD）。

This downturn comes despite significant efforts to bolster the ecosystem, including a $10 billion liquidity injection and its strategic inclusion in the U.S. Digital Asset Stockpile by President Donald Trump.

尽管付出了重大努力来加强生态系统，包括100亿美元的流动性注入及其在美国数字资产中的战略性纳入唐纳德·特朗普总统（Donald Trump）库存。

The unexpected drop raises questions about Solana’s long-term sustainability, market confidence, and whether it can recover in the coming months.

意外的下降引发了有关Solana的长期可持续性，市场信心以及未来几个月是否可以恢复的问题。

Solana’s Decline in 2025: Breaking Down the Numbers

索拉纳（Solana）在2025年的下降：分解数字

According to TradingView data, Solana has been struggling to maintain its momentum since the beginning of the year. As of March 2025, SOL is hovering around significant support levels, with market sentiment indicating caution among investors.

根据TradingView数据，Solana自今年年初以来一直在努力保持其势头。截至2025年3月，SOL徘徊在大量的支持水平上，市场情绪表明投资者的谨慎。

Despite the injection of fresh liquidity and its adoption as part of the U.S. government’s Digital Asset Stockpile, the cryptocurrency has not been able to break out of its bearish trend.

尽管注射了新鲜流动性及其作为美国政府数字资产库存的一部分的采用，但加密货币仍无法摆脱其看跌趋势。

This inclusion alongside Cardano (ADA) and XRP (XRP) was expected to be a bullish catalyst, signaling institutional acceptance of Solana as a key digital asset. However, the anticipated price surge has not materialized, leaving traders and analysts searching for answers.

与Cardano（ADA）和XRP（XRP）一起使用的这种包容性预计将是看涨的催化剂，这是对Solana作为关键数字资产的机构接受的信号。但是，预期的价格飙升尚未实现，使交易者和分析师寻求答案。

$10 Billion Liquidity Injection Fails to Lift Solana

100亿美元的流动性注入无法解除Solana

Solana’s ecosystem received a massive boost with the introduction of $10 billion in liquidity, aimed at enhancing transaction efficiency and network stability.

Solana的生态系统获得了巨大的提升，引入了100亿美元的流动性，旨在提高交易效率和网络稳定性。

This capital infusion was expected to attract more institutional investors and drive adoption within decentralized finance (DeFi) and non-fungible token (NFT) markets.

预计这种资本注入将吸引更多的机构投资者，并推动分散的金融（DEFI）和无牙（NFT）市场的采用。

However, the market response has been tepid at best. Several factors may be contributing to this underwhelming performance:

但是，市场反应充其量是温和的。可能有几个因素促成这种巨大的表现：

Impact of the U.S. Digital Asset Stockpile on Solana

美国数字资产对Solana的影响

In a landmark move, the U.S. government, under President Trump’s administration, established the Digital Asset Stockpile to solidify America’s position as a leader in the crypto space.

在具有里程碑意义的举动中，在特朗普总统政府的领导下，美国政府建立了数字资产库存，以巩固美国在加密货币领域的领导地位。

The stockpile includes Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Cardano (ADA), and Solana (SOL), with the government holding assets acquired through legal seizures and strategic purchases.

股票包括比特币（BTC），以太坊（ETH），XRP（XRP），Cardano（ADA）和Solana（Sol）（SOL），政府通过法律癫痫发作和战略购买获得了资产。

This development was expected to boost investor confidence, but the downward trend of Solana suggests that macroeconomic and on-chain factors may be outweighing the positive sentiment associated with its inclusion.

预计这一发展将增强投资者的信心，但Solana的下降趋势表明，宏观经济和链上的因素可能超过了与其包容性相关的积极情绪。

USDC Minting on Solana Surpasses $9.5 Billion

USDC上的Solana铸造超过95亿美元

Another major bullish event was the issuance of over $9.5 billion worth of newly minted USD Coin (USDC) on the Solana blockchain. USDC, a major stablecoin, plays a crucial role in DeFi and cross-border transactions.

另一个重大的看涨活动是在Solana区块链上发布了价值超过95亿美元的新铸造的美元硬币（USDC）。 USDC是一种主要的稳定币，在Defi和跨境交易中起着至关重要的作用。

The surge in supply was supposed to enhance liquidity and increase usage within the Solana ecosystem.

供应的激增应该可以提高流动性并增加索拉纳生态系统中的使用情况。

However, the price action of SOL has not reflected this fundamental strength. While increased USDC issuance may indicate growing adoption, it does not necessarily translate to immediate price appreciation.

但是，SOL的价格行动并未反映出这一基本力量。尽管USDC发行的增加可能表明采用量的增长，但它不一定转化为立即的价格赞赏。

The lack of strong buying pressure despite the liquidity boost suggests underlying concerns about Solana’s ability to sustain long-term growth.

尽管流动性提高，但缺乏强大的购买压力表明，人们对索拉纳（Solana）维持长期增长的能力的根本关注。

Technical Analysis: Can Solana Recover?

技术分析：Solana可以恢复吗？

From a technical standpoint, Solana is currently testing key support levels. If SOL fails to hold above crucial price zones, further downside pressure could emerge, potentially pushing the cryptocurrency toward lower support regions. Conversely, a strong bounce from these levels could indicate a reversal in trend.

从技术角度来看，Solana目前正在测试关键支持水平。如果SOL无法保持高于关键的价格区域，则可能会出现进一步的下行压力，从而将加密货币推向较低的支撑区域。相反，这些水平的强烈反弹可能表明趋势逆转。

Key Support Levels:

关键支持级别：

Key Resistance Levels:

关键阻力水平：

For a bullish reversal, Solana must break above the $110 resistance with strong volume, supported by renewed investor confidence and improved network performance.

对于看涨的逆转，Solana必须在重新投资者的信心和改善网络性能的支持下，超过110美元的电阻，并以强劲的量为数量。

What’s Next for Solana?

Solana的下一步是什么？

Despite the price slump, Solana remains a major player in the blockchain industry. Its high-speed transactions, low fees, and strong developer community continue to attract projects and partnerships. The long-term outlook will depend on several factors:

尽管价格低迷，但Solana仍然是区块链行业的主要参与者。它的高速交易，低费用和强大的开发人员社区继续吸引项目和合作伙伴关系。长期前景将取决于几个因素：

The coming months will be crucial for Solana’s trajectory. While the recent downturn has raised concerns, the blockchain’s strong fundamentals and ongoing developments indicate that a potential rebound could be on the horizon. Investors should closely monitor market trends and Solana’s ability to regain bullish momentum.

未来几个月对于Solana的轨迹至关重要。尽管最近的低迷引起了人们的关注，但区块链的强大基本面和持续的发展表明，潜在的反弹可能会出现。投资者应密切监视市场趋势和索拉纳（Solana）恢复看涨势头的能力。