📉🤔 #SOL C.Q.: The emergence of meme coins is adversely affecting Solana. A recent rug pull linked to #LIBRA has increased investor anxiety, resulting in a 10% decline in SOL over the past week and a 40% drop from its peak in January. DEX trading volumes have decreased by 25% in the last week, with Raydium experiencing a 47% reduction.

Moreover, on March 1, 11.2 million SOL will be made available—these tokens were sold off during FTX's bankruptcy and later acquired by Galaxy, Pantera, and Figure.