According to the latest data, Solana (SOL) has shown weak market performance recently, with prices fluctuating downward. As of February 18, 14:10, the SOL price is $168.64, with a 24-hour decline of 7.977%, and trading volume reduced to $4.421 billion. The number of on-chain active addresses has decreased by over 54% compared to last November (from 18.5 million to 8.4 million), significantly lowering market activity. Additionally, affected by the Meme coin LIBRA fraud incident, the futures market's SOL long-short position ratio has plummeted, with the short position ratio rising to 4:1, and market sentiment has turned bearish. Although a new address has withdrawn nearly $7.89 million in SOL from Binance and staked it, technical indicators show that it is currently in an oversold state, with trading volume continuing to shrink. The short-term trend may continue to fluctuate, and it is recommended to observe and wait for the market to warm up.
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