There is no other reason, it’s simply because buying and selling USDT involves crazy risk control, it’s difficult to deposit and withdraw money, and it’s troublesome to buy and sell.
Anti-fraud is not only monitored from the App side, but also from the Alipay, WeChat and bank card ports. It seems that virtual currency is completely blocked.
Now virtual currency has been completely mixed with the black and gray industrial chain and cannot be distinguished at all. If you buy or sell USDT, you will definitely be investigated.
Who knows what you buy it for, whether you use it to buy virtual currency, to gamble online, to commit fraud, or something else...
The police station came to my house twice this year when I tried to buy U. Tell me, isn’t that annoying? The anti-fraud side is even more aggressive. They almost scold you when they call you.
I have long said that Alipay has been integrated and has frozen my account again, but does Alipay have the power to freeze users' funds at will?
Look at you all, falling without a word; today, many people have been liquidated again, right? I have long said that exchanges will periodically liquidate. It's either skyrocketing or plummeting, clearing out contract positions. Such a drop, even 3x contracts can't withstand it and must be liquidated.
Will Solana continue to fall, or will it rebound?
In early 2025, Solana (SOL) reached a high of $295, expected to reshape the public chain landscape, but just a month later, the price plummeted nearly 40% to $181, shocking the crypto market, with its market value shrinking and market confidence collapsing, and its technical advantages and position being questioned.
The bankruptcy liquidation of FTX brings huge hidden dangers. On March 1, 11.2 million SOL will be unlocked, worth $2.06 billion, accounting for 2.29% of the total circulation. After FTX collapsed in 2023, institutions like Galaxy took over a large amount of SOL at low prices, now with huge unrealized profits; once sold off, the market will struggle to bear the selling pressure. Currently, Solana's trading volume and on-chain activity are declining, with weak support. Its trading fee mechanism, which uses 50% for burning, cannot alleviate the selling pressure due to the drop in activity and burning volume, and SOL may face a deeper correction.
The retreat of meme coins has triggered a crisis of trust. Solana once surged in trading volume and DEX activity due to the meme coin craze, with prices climbing. However, the LIBRA incident became a turning point, with the behind-the-scenes team withdrawing to arbitrage, siphoning off $107 million, leaving investors with nothing. Although some say the problem lies in project operations, others point out that there are interest chains within the Solana ecosystem. Since then, on-chain liquidity and DEX trading volume of Solana have rapidly shrunk, and the market is beginning to pay attention to whether it can break free from a speculative ecosystem; otherwise, it may repeat EOS's mistakes.
Solana's technological advantages are no longer present. It once stood out due to high throughput and low gas fees, but after the retreat of meme coins, trading volume has sharply decreased, on-chain income has dropped, and the burning mechanism struggles to hedge against inflation, causing an imbalance between supply and demand that accelerates price declines. At the same time, the rise of Ethereum Layer 2 has weakened its low-cost advantage, challenging its core competitiveness. If it cannot find new breakthroughs or application scenarios, its position will be precarious.
Technical factors, market sentiment, and regulatory pressure also pose challenges. Technically, SOL's daily trend is downward, with a MACD death cross and an RSI below 40, and if it breaks the critical support level of $180, it may continue to decline. On-chain holdings show that long-term holders are reducing their positions, and the growth rate of new addresses is slowing, leading to pessimistic market sentiment. Furthermore, after the LIBRA incident, regulations have tightened, and Solana, as an active public chain for meme coins, may face scrutiny.
In summary, the sharp decline of SOL is the result of multiple factors working together. If problems cannot be resolved and new development directions found, the price may continue to fall, with a bleak outlook.$BTC $SOL #你看好哪一个山寨币ETF将通过？ #山寨季來了？
