Solana -based MEMECOINS related to rugs and internal rich systems lead to decrease in investor leakage and capital inflow as trust in this sector worsens.
According to the glass node chart shared with the Cointelegraph, the monthly capital inflow rate for Solana (SOL) and Solana’s MEME index has been changed to -5.9%monthly negative.
Market: TOP ASSET has realized CAP percentage changes for 30 days. Source: Glass Node
According to Cryptovizart, the senior analyst of GlassNode, this decrease was significantly decreased due to a decrease in Memecoin Investment in December 2024.
The analyst said to COINTELEGRAPH.
“Monthly capital inflow to Solana has decreased from December 2024 to 2.5%per month, and most of the negative capital flows in the memes. But Solana still has a positive momentum, but is decreasing faster than Bitcoin. ”
BTC, ETH, SOL, 1 month chart. Source: COINTELEGRAPH
Solana’s price has fallen more than 29% last month, while Ether’s price is more than 15%, BTC (Bitcoin) has fallen 7%, and Cointelegraph Markets Pro Data shows.
Solana user activities are also reduced. The number of active addresses in the network dropped to 9.5 million per share in February, and in November 2024, it decreased almost 40% from 15.5 million active addresses.
According to GlassNode analysts, this added:
“Solana’s significant cooldowns are obvious, but we are relatively higher than the pre -pre -bar market standards.
Solana activity address. source: Glass node
The decline in investor activities is disappointed in the recent release of Memecoin based on Solana, especially in the Libra token approved by Javier Milei. The insiders of the project had more than $ 170 million in the rugging pool, causing 94%of the price collapse in a few hours and reducing $ 4 billion in investor capital.
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Solana Capital, user exodus can be positive for networks.
As the trust in Solana weakens, millions of dollars of encryption are transferred from Solana to other block chains, indicating potential capital exodus that can be positively changed to the long -term growth of the blockchain.
According to Debridge Data, more than $ 7.7 million funds were transferred to Solana to Arbitrum and more than $ 6.9 million, Debridge Data said.
Total evangelism between Debridge’s chains. Source: Debridge
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Solana’s advanced technology has attracted a fair percentage of bad actors and inner corruption cases despite the neutral technology itself. However, according to the February 18 X Post of the Blockchain Research Institute, this problem can be positively changed to Solana’s growth in the long run.
“This washing will eventually be a good thing in the long run. The standard must go up. Bad actors must be removed. ”
“If the SOL Price and other L1 token prices are maintained only by gambling activities, the space will be quite small and the greater evaluation will not be justified.”
https://www.youtube.com/watch?v=ndnryf5nlkw
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