Solana（Sol）价格在一个月内下跌40％，分析师称其为“完美风暴”

高性能区块链平台Solana的本地数字资产Sol在2月18日星期二下跌至近160.00美元。

Solana's (CRYPTO: SOL) price has taken a beating in the last month, dropping more than 40% as multiple converging factors have created what one analyst described as a “perfect storm.”

索拉纳（Crypto：Sol）的价格在上个月进行了殴打，随着多个收敛因素的创造，一位分析师所说的“完美风暴”，下降了40％以上。

Here's a closer look at some of the key factors that have contributed to SOL's recent decline:

这是对Sol最近下降的一些关键因素的仔细研究：

Meme coin mania cooling: According to Aran Hawker, CEO of CoinPanel, the meme coin mania that once drove interest in Solana has cooled, leading to declining investor interest in the cryptocurrency.

Meme Coin Mania冷却：根据Coinpanel首席执行官Aran Hawker的说法，Meme Coin Mania曾经引起人们对Solana的兴趣，这使投资者对加密货币的兴趣下降。

On-chain activity decreasing: Hawker also pointed to a sharp decrease in on-chain activity, with active addresses and transaction volumes on the Solana network declining significantly.

链活动的降低：小鹰队还指出，链上活性的急剧下降，Solana网络上的主动地址和交易量显着下降。

Recent activity on the X (Twitter) account of blockchain analyst Ali (@Ali_charts) showed a Glassnode chart indicating that the number of active addresses on Solana dropped from over 18.5 million in late October to less than 8.4 million on February 15.

在X（Twitter）帐户（@Ali_Charts）的X（Twitter）帐户上的最新活动显示，玻璃节图表明，Solana上的活动地址的数量从10月下旬的1850万以上降至2月15日的840万。

Recent developments involving LIBRA coin, a project that quickly accumulated a market capitalization of $4.5 billion but then lost 90% of its value, have also had an impact, according to some analysts.

据一些分析师称，涉及天秤座硬币的最新发展，该项目迅速积累了45亿美元的市值，但随后损失了其价值的90％，也产生了影响。

In a post on X, which was later deleted, Argentina President Javier Milei endorsed the digital asset, which is linked to a project called Libra that is said to help generate funding for small and medium-sized enterprises in Argentina, CoinDesk reported.

Coindesk报道，在后来删除的X文章中，阿根廷总统Javier Milei认可了数字资产，该资产与一个名为Libra的项目有关，据说该项目有助于为阿根廷的中小型企业筹集资金。

These events have eroded investor confidence in Solana-based projects, according to DiPasquale.

根据Dipasquale的说法，这些事件侵蚀了投资者对基于Solana的项目的信心。

Another major development that analysts have cited as putting bearish pressure on SOL prices is the March 1 token unlock, which will increase the token's total supply by 11.16 million.

分析师认为对SOL价格施加看跌压力的另一个重大发展是3月1日的令牌解锁，这将使令牌的总供应量增加116万。

“The March 1 token unlock for SOL will increase the token's total supply from 384.8 million to 496.3 million, an increase of 11.16 million tokens,” Hawker said.

霍克说：“ 3月1日的SOL代币解锁将使令牌的总供应从3.848亿增加到4.963亿，增加了116万个令牌。”

“We have seen an influx of institutions swapping out SOL for ETH with this pressure looming. We can see this in the derivatives markets as the Deribit open interest shifted from 75% sol in January to 35% sol now.”

“我们已经看到，随着这种压力迫在眉睫，大量机构将SOL换成ETH。我们可以在衍生品市场中看到这一点，因为deribit的开放利息从一月份的75％转移到现在的35％的溶胶。”

One market observer sees bitcoin's price action and the LIBRA situation differently, highlighting how they have impacted other digital currencies.

一个市场观察者认为比特币的价格行动和天秤座的情况有所不同，强调了它们如何影响其他数字货币。

“Since January 2025 Bitcoin topped off at about $109,000 which we know was primarily fueled by the first pro crypto administration in American history that acted as fundamental analysis and the demand of Bitcoin ETFs, according to Bitwise inflows in 1/25 hit ~$5 Billion,” said the TikTok influencer who goes by Wendy O.

“自2025年1月以来，比特币以大约109,000美元的价格发行，我们知道这主要是由美国历史上第一个专业加密政府助长的，该政府是基本分析和比特币ETF的需求，根据1/25的钻头流入率，约有50亿美元，这是对比特币ETF的需求。 tiktok有影响力的人说，他是温迪·O。

“This caused a lot of資金 to rotate out of altcoins and into bitcoin, causing many altcoins to top out.”

“这导致了很多资金旋转，从山寨币中旋转并进入比特币，从而导致许多山寨币顶上。”

This chart shows bitcoin's recent price action:

该图表显示了比特币最近的价格动作：

This chart highlights bitcoin's recent price action.

该图表突出了比特币最近的价格动作。

“Solana also topped off at ~294 January 2025 which aligns with Bitcoin price action,” Wendy O said via emailed comments.

温迪·O通过电子邮件评论说：“索拉纳还在2025年1月294日左右与比特币价格行动保持一致。”

“Unfortunately, with the Argentina Memecoin LIBRA debacle that exposed some bad actors and builders on the Solana blockchain, the whole entire industry has been impacted. The USA still does not have set guidelines on crypto despite President Trump’s executive order and this incident has been compared to the fall of FTX sentiment wise.”

“不幸的是，随着阿根廷纪念日天秤座的崩溃，在索拉纳区块链上暴露了一些不良演员和建筑商，整个行业都受到了影响。尽管特朗普总统的行政命令与FTX情绪的沦陷相比，美国仍然没有制定有关加密货币的准则。”

I own some bitcoin, bitcoin cash, litecoin, ether, EOS and SOL.

我拥有一些比特币，比特币现金，Litecoin，Ether，EOS和Sol。