索拉纳（Solana）在二月份泄漏了4.85亿美元

去年2月，Solana区块链记录了资本外流，达到4.85亿美元。这些资金主要迁移到以太坊，仲裁和BNB链

In a context of increasing uncertainty in the crypto market, Solana experienced a capital hemorrhage in February 2025. Investors, burned by scandals related to memecoins and the recent record hack of Bybit, are massively turning towards digital assets deemed safer.

在加密市场不确定性越来越大的情况下，索拉纳（Solana）在2025年2月经历了资本出血。投资者，被与纪念因素有关的丑闻而烧毁，最近的bybit纪录黑客攻击却大大地转向了被认为更安全的数字资产。

Solana suffers a leak of 485 million dollars in February

索拉纳（Solana）在二月份泄漏了4.85亿美元

Last February, the Solana blockchain recorded capital outflows reaching 485 million dollars. These funds primarily migrated to Ethereum, Arbitrum, and the BNB chain, according to a report by Binance Research. This massive outflow is part of a broader movement of distrust towards digital assets considered risky.

去年2月，Solana区块链记录了资本外流，达到4.85亿美元。根据Binance Research的一份报告，这些资金主要迁移到以太坊，仲裁和BNB链。这种大规模流出是对被认为风险的数字资产不信任的更广泛运动的一部分。

The historic hack of Bybit on February 21, with 1.4 billion dollars stolen, significantly worsened the negative sentiment among investors. This hack, the largest in the history of cryptocurrencies, heightened the already present risk aversion in the markets.

2月21日，历史悠久的拜比特黑客被盗了14亿美元，这大大加剧了投资者的负面情绪。这种黑客是加密货币历史上最大的骇客，增强了市场上已经存在的风险规避。

The scandals related to memecoins on Solana also played a decisive role in this exodus. The case of the Libra token, associated with Argentine President Javier Milei, particularly left a mark.

与索拉纳（Solana）上的成人有关的丑闻在此出埃及记中也起着决定性的作用。与阿根廷总统哈维尔·米利（Javier Milei）相关的天秤座代币的案件，尤其是留下了自己的印记。

Insiders from the project allegedly siphoned off more than 107 million dollars during a massive withdrawal, causing a 94% crash in price and wiping out 4 billion dollars in investments within hours.

据称，该项目的内部人士在大规模撤离期间将超过1.07亿美元撤销，导致价格94％的坠机事故，并在几个小时内消除了40亿美元的投资。

Investors seek refuge in more stable values

投资者寻求更稳定的价值观的庇护

In light of this situation, a clear trend is emerging: investors now prioritize security. The dominance of Bitcoin in the market increased by 1% to reach 59.6%, confirming its status as a safe haven in the crypto ecosystem.

鉴于这种情况，明确的趋势正在出现：投资者现在优先考虑安全。比特币在市场上的优势增加了1％，达到59.6％，证实了其作为加密生态系统中避风港的地位。

Stablecoins also benefited from this movement, with their market capitalization exceeding the historical record of 224 billion dollars. Meanwhile, real-world assets (RWAs) surpassed 17.1 billion dollars, distributed among 82,000 holders.

Stablecoins也从这一运动中受益，其市值超过了2240亿美元的历史记录。同时，现实世界中的资产（RWA）超过了171亿美元，分布在82,000个持有人中。

This capital rotation is also explained by macroeconomic factors such as the escalation of trade tensions and diminishing expectations for interest rate cuts. In this unstable environment, investors prefer to “take their tokens off the table” and hold stable coins as an alternative.

宏观经济因素（例如贸易紧张局势的升级和对降低利率降低的期望下降）也解释了这种资本轮换。在这个不稳定的环境中，投资者更喜欢“将其脱离餐桌取下”，并将稳定的硬币作为替代方案。

The negative sentiment towards Solana is also reflected in a surge in short positions in the futures markets. The ratio of long to short positions abruptly dropped from 4 to 2.5, signaling a radical change in traders’ expectations. On Binance, investors are now betting four times more on the downside than on the upside.

对索拉纳的负面情绪也反映在期货市场的短期内。长期与短职位的比率从4下降到2.5，这表明交易者的期望发生了根本性的变化。关于二手资金，投资者现在的局面投资是比上升方案要多四倍。

The Solana ecosystem, despite its technical performance, is now paying the price for the transformation of memecoins from “community-driven social experiments” into “a chaotic landscape dominated by value extraction”. Without a resurgence of confidence, this trend could intensify and permanently undermine this promising blockchain.

Solana生态系统尽管具有技术性能，但现在正在为Memecoins从“社区驱动的社会实验”转变为“以价值提取为主的混乱景观”的转换付出代价。没有信心的复兴，这种趋势可能会加剧并永久破坏这一有希望的区块链。

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