{"id":14098,"date":"2025-02-20T11:02:23","date_gmt":"2025-02-20T11:02:23","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14098"},"modified":"2025-02-20T11:02:23","modified_gmt":"2025-02-20T11:02:23","slug":"solana-sentiment-falls-off-a-cliff-after-a-40-drop-in-4-weeks-whats-next","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14098","title":{"rendered":"Solana Sentiment Falls Off A Cliff After A 40% Drop In 4 Weeks: What\u2019s Next?"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Amid tumbling Pump.Fun volumes post-Milei, the shine of Solana appears to be <\/span><span data-preserver-spaces=\"true\">dimming<\/span><span data-preserver-spaces=\"true\">\u00a0if the price action over the past month is any indication.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Once riding high on meme coin mania, warming regulations, and even the potential of the first spot Solana ETF going live by the end of the year, SOL is now on a free fall. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In just four weeks, SOL holders have <\/span><span data-preserver-spaces=\"true\">endured<\/span><span data-preserver-spaces=\"true\"> brutal price swings, which have seen the coin lose over 40%, forcing it below critical support levels.<\/span><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_67b70af08caf6\" data-coin-id=\"sol-solana\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_67b70af08caf6-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_67b70af08caf6-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67b70af08caf6-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67b70af08caf6-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67b70af08caf6-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_67b70af08caf6-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_67b70af08caf6-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_67b70af08caf6-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_67b70af08caf6-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_67b70af08caf6-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_67b70af08caf6-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_67b70af08caf6-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<h2><strong><span data-preserver-spaces=\"true\">Solana Price Drops 40% In 1 Month: Will SOL ETFs Reignite SOL Price Rally?<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">The latest Coingecko data <a class=\"general-link\" href=\"https:\/\/www.coingecko.com\/en\/coins\/solana\" target=\"_blank\" rel=\"noopener nofollow\">shows<\/a> that Solana is trading at around $170,\u00a0 <\/span><span data-preserver-spaces=\"true\">below $175, a critical support level marking the lows of December and January 2025.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">From its price action, the coin now risks further losses after an encouraging uptick in Q4 2024 that saw it peak at $295 on January 25. With prices under pressure, <\/span><span data-preserver-spaces=\"true\">it looks like<\/span><span data-preserver-spaces=\"true\"> more SOL holders could capitulate, fueling panic selling.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As Solana faces renewed selling pressure, investor sentiment is also nosediving. The latest data from Santiment, an on-chain analytics platform, reveals that investor sentiment is at its lowest monthly level<\/span><span data-preserver-spaces=\"true\">. At that point, SOL prices had cooled off, dropping to around $230.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f9d0.png\" alt=\"\ud83e\uddd0\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Solana sentiment has dipped to its lowest level since the big retrace on January 20th. Traders are expressing frustration over <a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$SOL<\/a>&#8216;s 3-month low price of $161. While discussion rates are extremely high and crowd sentiment is bearish, this is historically a signal that there\u2026 <a href=\"https:\/\/t.co\/9QDFhMsZi8\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/9QDFhMsZi8<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1891938432672465163?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 18, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The collapse marked two days of steady losses after prices shot higher to $295 on January 19, two days after President Donald Trump\u2019s team launched the \u201c<a class=\"general-link\" title=\"Libra Meme Coin Drives Demand For Managed Meme Coin Funds: MEMEX ICO Hits $3.75M\" href=\"https:\/\/99bitcoins.com\/news\/libra-meme-coin-drives-demand-for-managed-meme-coin-funds-memex-ico-hits-3-75m\/\" target=\"_blank\" rel=\"noopener\">Official Trump<\/a>\u201d meme coin ahead of his inauguration on January 20.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Although prices briefly recovered as millions turned to meme coin trading on the scalable chain, they turned lower as sellers stepped in from January 26. <\/span><span data-preserver-spaces=\"true\">Since then, SOL has had one-way traffic<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/www.tradingview.com\/x\/gaYAYLqi\/\" width=\"1499\" height=\"859\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/symbols\/SOLUSDT\/\" target=\"_blank\" rel=\"noopener nofollow\">SOLUSDT<\/a>)<\/p>\n<p><span data-preserver-spaces=\"true\">As expected, traders are increasingly frustrated now that the coin is struggling for momentum and risks extending losses as crypto prices come under renewed selling. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Bitcoin and Ethereum have struggled to break key resistance levels, trending slightly above critical support levels.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">FTX Estate To Dump SOL on March 1 Amid Network Reliability Concerns<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Unlike these two, Solana\u2019s steep decline is due to several factors. One is the expectation of a spike in supply once the FTX estate unlocks 7.5 million SOL <\/span><span data-preserver-spaces=\"true\">on March 1<\/span><span data-preserver-spaces=\"true\">. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This extra infusion of SOL could see the token plunge as investors brace for potential liquidation by the FTX estate.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Additionally, there are concerns that the turmoil following the drop of the LIBRA meme coin could shake the confidence of ardent traders. Javier Milei, the President of Argentina, even promoted LIBRA<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> After rising to over $4 billion in market cap, prices flash crashed within hours in what many say was <\/span><span data-preserver-spaces=\"true\">another rug pull on Solana.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Did Javier Milei's $4.5 Billion Libra Rug Just End Solana?!\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/5F0Bu4ZvxDE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">Beyond meme coins, Solana faces even more criticism, especially in <\/span><span data-preserver-spaces=\"true\">developing<\/span><span data-preserver-spaces=\"true\"> DeFi protocols. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Analysts observe that multiple dApps on Solana are struggling due to unusually high transaction failure rates, raising concerns about whether the network can be a reliable hub for DeFi activities. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Unfortunately, even with the high number of transactions failing, validators continue to profit at the expense of users.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">DeFi is constantly failing on Solana.<\/p>\n<p>Some of the biggest DeFi protocols are struggling with millions of failed transactions, costing users time &amp; money.  But validators are still profiting from these. <\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f534.png\" alt=\"\ud83d\udd34\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Meteora DLMM: 151M+ txs, only 5.52% succeed<br \/><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f534.png\" alt=\"\ud83d\udd34\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Jupiter v6: 176M+ txs,\u2026 <a href=\"https:\/\/t.co\/mV59Er9K0h\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/mV59Er9K0h<\/a><\/p>\n<p>\u2014 Dave (@ItsDave_ADA) <a href=\"https:\/\/twitter.com\/ItsDave_ADA\/status\/1892221540999041300?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 19, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Solscan data paints a grim picture. Out of over 151 million transactions on Meteora, only 5.5% are successful. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Only 17.1% of Jupiter\u2019s more than 176 million transactions go through. On Raydium, where most meme coins list after graduating from Pump.fun, slightly more than half of the 159 million transactions are successful.<\/span><\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/analysis\/top-crypto-trends-for-bull-run\/\" target=\"_blank\" rel=\"noopener\">Crypto Trends For Bullrun \u2013 January 2025<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Solana Falling As Sentiment Deteriorates<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Solana is down 40% from all-time highs     <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         FTX Estate to dump SOL in early March     <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Critics slams Solana, claims network unreliable to power DeFi     <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/solana-sentiment-falls-off-a-cliff-after-a-40-drop-in-4-weeks-whats-next\/\">Solana Sentiment Falls Off A Cliff After A 40% Drop In 4 Weeks: What\u2019s Next?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Amid tumbling Pump.Fun volumes post-Milei, the shine of Solana appears to be dimming\u00a0if the price action over the past month is any indication. Once riding high on meme coin mania, warming regulations, and even the potential of the first spot Solana ETF going live by the end of the year, SOL is now on a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14098","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14098"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14098\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}