Solana’s $140 Crash, What’s Really Behind the 25% Drop?
$SOL is down 25% since May, hitting a two-month low. But what’s dragging it down.
The memecoin craze is fading, leaving a $20B+ hole in the market since January. DeFi activity. It’s slowing to a crawl, June saw DEX volumes slashed in half, and stablecoin transactions are down a staggering 68%.
To make things worse, the charts are flashing red with a death cross, plus weak RSI and MACD signals. Looks like #Sol been hit by a perfect storm. Can it recover, or is it in for more turbulence?
