Solan’s last price behavior caused anxiety on the digital currency market. Once soothing blockchain fell significantly as a result of a widespread decline. Salt Native token (SOL) has fallen by 32% in the last four weeks, which is a 10% bitcoin decrease and a 15% decrease in Ethereum. Because the network suffers from leaving the madness in the currency of memes, as a result of which investors have upset, a sudden sale will take place.

Meme Coin Mania turns into a disaster

The epicenter of the explosive coin growth was salted. Although he initially stimulated the volume of rotation and interest, it has since led to earnest negative repercussions. The rug pulls Failed initiatives on the web reportedly caused a loss of over $ 26 million. Many developers abandoned projects immediately after collecting funds, leaving investors with tokens that had no value.

This problem rose at an alarming pace. Within 30 days, the Solan Ecosystem lost at least 12 coin initiatives. The price of the token fell as a result of this augment in failures, which also negatively affected the mood of investors.

This is the end for Solana

Worse than FTX collapse$ LibraIN #Melani everything has changed

🧵: Here’s what went and what’s next … pic.twitter.com/mo6tMbpift

– xremlin (@0x_grremlin) February 17, 2025

Does Solana have trouble?

Trader Crypto XRremlin has recently announced X that that announced “This is the end for Solana” Comparing its inheritance to FTX collapse– Only worse. He pointed out that the recent augment in popularity was powered by speculations and an augment in meme coins.

A significant part of this activity results from low transaction fees, attracting traders to platforms such as FUN pumps. However, many of these tokens are perceived as diagrams of pumps and DUPs, which increases the negative moods around the Solana ecosystem.

Ray of Hope?

Meanwhile, Glassnode data He indicates that Solana surpassed Ethereum in 23 of 49 days from the beginning of the year. Nevertheless, Solana showed greater susceptibility to market drops.

From the beginning of the year, #Solana exceeded #Ethereum for 23 out of 49 days. However, $ SOL was more sensitive to recent payments, with the 30D price change -32% as of February 17 (#Eth: -17%, #BTC: -8%) https://t.co/7p1xfardld pic.twitter.com/ge7wav4hbi

– Glass node (@Glassnode) February 18, 2025

Negative impact on the network

The salted appeal as a economical, quick blockchain attracted traders interested in using speculative projects. Spreading meme coins However, it was similar to fraud that caused earnest concerns.

Currently, many analysts warn that Solana is threatened with breeding for pump and asshole schemes, not an ecosystem that promotes sustainable development.

Problems with overloading on the web are also another massive problem. Because Meme currencies are so popular, the system has recorded a decrease in transactions and occasional fees. As a result, some users were frustrated and many wondered if Solana could keep the spikes in activity without release.

Bitcoin and Ethereum show immunity

Bitcoin and Ethsereum They pierced the latest crisis with relatively petite damage, while Solana has problems. Bitcoin fell by 10% in the last month, while Solana fell by 33%. Even although it is still in a better position than before, Ethereum, which was also under the pressure of sales, fell by 17%.

During periods of uncertainty, investors are gradually leaning towards established assets. Bitcoin and Ethereum were able to maintain a higher level of market trust, above all, avoiding chaos caused by implosion of meme coins, as opposed to Solana.

A distinguished picture from Gemini Imagen, chart from TradingView