Panic Crash! Solana Trading Volume Plummets by 90 Billion, Is It a Turning Point or a Abyss?
Solana (SOL) price sounds the alarm! The on-chain decentralized (DEX) trading volume has plummeted by 90 billion in two months, dropping from a peak of 97.53 billion to 7.65 billion, a staggering 94% drop! The meme coin price surge has faded in exchanges, demand has shrunk, and SOL has fallen by 35%, raising concerns about its future.
On-chain data shows that the Solana ecosystem has severely shrunk: the number of addresses has dropped from 6.2 million to 230,000, new addresses have sharply decreased from 2.3 million to 65,000, leading to widespread public protests. If the price falls below the critical support of 84 dollars, it could plunge straight to the abyss of 40 dollars!
Behind the crash, does Solana hide a rebound opportunity, or is it just a buffer for sinking?
