Last month, Solana saw almost half a billion dollars in drains, because investors moved to what was seen as safer digital assets, reflecting the growing uncertainty on the cryptocurrency market.
Over the past 30 days, Solana (SOL) has been affected by an outflow with a value of over $ 485 million, and the investor’s capital has sailed mainly to Ethereum, Arbitrum and BNB Chain.
According to the Binance research report from Cointelegraph, Exodus capital came among the wider flight to “security” among the participants of the cryptographic market.
Solana outflow. Source: Debridge, Binance Research
“In general, there is a wider flight towards security in cryptographic markets, and the domination of Bitcoins increases by 1% in the last month to 59.6%,” said the report.
“Part of the capital was flowed into the BNB Memecoins chain, partly driven by tweets on his dog, Brocolli,” he added.
In addition to salted, the total capitalization of the cryptocurrency market fell by 20%in February, driven by growing negative sentiments, Binance Research was noticed.
In addition to macroeconomic fears, the decrease in the mood of cryptographic investors was mainly due to Hack Bybit worth $ 1.4 billion on February 21, the largest exploit in the history of cryptocurrencies.
Disappointment with Memecoin Launchs based in Solan also circumscribed the investor’s appetite, especially after the launch of the Wagra token, which was supported by the Argentine President Javier Milea.
The impressed from the project allegedly flowed liquidity worth over $ 107 million in the carpet, causing a price of 94% in a few hours and removing $ 4 billion in investors.
Source: Kobeissi letter
“Memecoins have transformed from social experiments directed by the community into a chaotic landscape dominated by the extraction of value from retail investors,” said Cointelegraph Anastasija Plotnikova, co-founder and general director of the Blockchain regulatory company, adding:
“Confidential rings, pump and sniper group diagrams, replaced the ecological, collective nature of the original memecoins, creating an unhealthy field.”
Related: Bybit hackers can be behind the fraud of Solana Memecoin – Zachxbt
Stablecouins, Rwas achieved record peaks among market uncertainty
Stablecouins and assets in the real world (RWA) increased to the highest level, because investor capital continued to flow into more predictable assets at a stable price or mechanics of generating performance.
Stablecouins, RWAS value. Source: Binance Research
Stablecouins exceeded a record level of 224 billion dollars, while Rwa Onchain exceeded the highest level of $ 17.1 billion in history in $ 82,000 in history, Cointelegraph informed on February 3.
Related: Solana sees a 40% decrease in user activity because the memecoin carpet pulls Erode Trust
Binance research assigned this capital rotation to recent market turbulence:
“Under the influence of macroeconomic factors, such as escalation of commercial voltages and reduced expectations of interest rate reductions, the cryptographic market had a difficult February. In such an environment, investors can remove systems from the table and hold Stablecouins as an alternative. “
Greater uncertainty in the field of global risk assets, such as Bitcoin (BTC) and cryptocurrencies, can lead to RWA to $ 50 billion in 2025, said Cointelegraph, Treasury Director at P2P.org, institutional ponds and cryptocurrencies of infrastructure.
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