{"id":17205,"date":"2025-03-11T13:02:03","date_gmt":"2025-03-11T13:02:03","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17205"},"modified":"2025-03-11T13:02:03","modified_gmt":"2025-03-11T13:02:03","slug":"are-transactions-on-solana-mostly-bot-driven-when-will-sol-recover","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17205","title":{"rendered":"Are Transactions on Solana Mostly Bot-Driven? When Will SOL Recover?"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">The crypto sell-off continues, and top altcoins, including Bitcoin, Ethereum, and Solana, are feeling the heat. SOL holders are already exiting, cashing out, and fueling the sell-off toward the $100 psychological level. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Amid this development and fast-fading optimism, it is emerging that a\u00a0<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">large portion of transactions on Solana\u2014which is among the\u00a0<a href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\">coins analysts say will explode in 2025\u2014<\/a><\/span>could, after all, be bot-driven.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Are Most Solana Transactions Fake?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">In a post shared on X, one observer <\/span><a class=\"general-link\" href=\"https:\/\/x.com\/ItsDave_ADA\/status\/1898382903983112704\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">noted<\/span><\/a><span data-preserver-spaces=\"true\"> that onchain activity on Solana may not be as organic as it seems and could <\/span><span data-preserver-spaces=\"true\">be driven<\/span><span data-preserver-spaces=\"true\"> by aggressive bots. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This observation, in turn, raises questions about the authenticity of onchain activity on the popular <\/span><span data-preserver-spaces=\"true\">smart<\/span><span data-preserver-spaces=\"true\"> contract network and its possible impact on network health.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In his findings, the analyst notes that 122 unique addresses were responsible for posting at least 100,000 daily transactions in the past week alone. Compared to other addresses, these few accounts contribute a staggering 44.2% of all transactions on the modern chain.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"\" src=\"https:\/\/pbs.twimg.com\/media\/Glho05uWYAAYe3q?format=png&amp;name=small\" alt=\"Image\" width=\"1300\" height=\"769\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/x.com\/ItsDave_ADA\/status\/1898382903983112704\" target=\"_blank\" rel=\"noopener nofollow\">Source<\/a>)<\/p>\n<p><span data-preserver-spaces=\"true\">That only a few addresses are responsible for <\/span><span data-preserver-spaces=\"true\">nearly half of all transactions on an otherwise busy network is suspicious and could suggest possible manipulation attempts. Usually, the activity and health of any public ledger <\/span><span data-preserver-spaces=\"true\">are judged<\/span><span data-preserver-spaces=\"true\"> by the number of addresses and transactions posted.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">When there are more transactions, validators running to secure the platform get paid and, thus, invest even more to enhance security and keep up with rising demand. However, if transactions begin falling, users may seek<\/span><span data-preserver-spaces=\"true\">\u00a0alternatives, which, in turn, may negatively impact prices.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Falling Meme Coin Activity Dents SOL Prices<\/span><\/h2>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_67d0341d6aad6\" 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_67d0341d6aad6-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_67d0341d6aad6-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_67d0341d6aad6-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67d0341d6aad6-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67d0341d6aad6-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_67d0341d6aad6-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_67d0341d6aad6-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_67d0341d6aad6-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_67d0341d6aad6-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_67d0341d6aad6-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_67d0341d6aad6-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_67d0341d6aad6-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<p><span data-preserver-spaces=\"true\">Trading activity and volume are subdued, following SOL prices and meme coin activity.<\/span><span data-preserver-spaces=\"true\"> At its peak, Solana posted hundreds of thousands, if not millions, of daily transactions<\/span><span data-preserver-spaces=\"true\">\u00a0as traders scrambled to pick out the next PNUT or some of the best meme coins to trade. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">During this time, it was <\/span><span data-preserver-spaces=\"true\">normal<\/span><span data-preserver-spaces=\"true\"> for speculators to strike big, making 100X returns and churning millions from their small investments. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> is now changing as fewer meme coins <\/span><span data-preserver-spaces=\"true\">are launched<\/span><span data-preserver-spaces=\"true\">, and speculators tighten their purses, expecting more losses and a drop in activity as crypto prices slump. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">High-profile scams and rug pulls, in some instances promoted by world leaders, have eroded trust in Solana and its popular meme coin launchpad, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.theblock.co\/data\/on-chain-metrics\/solana\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Pump.fun<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-214058\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-11T131230.295.png\" alt=\"\" width=\"1731\" height=\"432\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-11T131230.295.png 1731w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-11T131230.295-300x75.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-11T131230.295-1024x256.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-11T131230.295-768x192.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-11T131230.295-1536x383.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-11T131230.295-50x12.png 50w\" sizes=\"auto, (max-width: 1731px) 100vw, 1731px\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/www.theblock.co\/data\/on-chain-metrics\/solana\" target=\"_blank\" rel=\"noopener nofollow\">Source<\/a>)<\/p>\n<p><span data-preserver-spaces=\"true\">The scalable nature of Solana and the ability to post transactions cheaply allow bots to deploy and manipulate the <\/span><span data-preserver-spaces=\"true\">true<\/span><span data-preserver-spaces=\"true\"> level of onchain engagement. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Unlike Ethereum, users can transfer coins or post contracts on-chain while paying only a fraction of the fees. While this may boost activity, it is a double-edged sword, as it may turn the chain into a hub for bots, bloating the network and manipulating trading volumes via wash trading, for example. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Most of these bots are used for high-frequency trading, exploiting arbitrage opportunities, and even <\/span><span data-preserver-spaces=\"true\">sniping some of the <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"noopener\">best meme coins to buy in 2025<\/a>.<\/span><\/p>\n<p>[\/key_takeaways_list]<\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Solana is a popular chain powering meme coins     <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Are bots responsible for most transactions onchain?     <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Meme activity falling on Solana     <\/li>\n<p>[\/key_takeaways_list]<br \/>\n[\/key_takeaways]<\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/are-transactions-on-solana-mostly-bot-driven-when-will-sol-recover\/\">Are Transactions on Solana Mostly Bot-Driven? When Will SOL Recover?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The crypto sell-off continues, and top altcoins, including Bitcoin, Ethereum, and Solana, are feeling the heat. SOL holders are already exiting, cashing out, and fueling the sell-off toward the $100 psychological level. Amid this development and fast-fading optimism, it is emerging that a\u00a0large portion of transactions on Solana\u2014which is among the\u00a0coins analysts say will explode [&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-17205","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\/17205","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=17205"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17205\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}