Solana loses $6.88 billion, the crypto market goes crazy.
The crypto universe is a universe where every move is scrutinized, analyzed and often dramatized. So, when Solana (SOL) sees its trading volume drop from $12.60 billion to $5.72 billion, the entire crypto ecosystem wakes up, ready to interpret the slightest fluctuation. The question that burns on the lips, does this drop mean the end of the boom or a simple moment of turbulence? Let's delve into this situation that, like a financial thriller, holds the breath of many investors.
Solana Crypto
A Solana crypto drop that raises doubts
On November 12, Solana experienced an impressive rise, reaching an exchange volume of $12.60 billion. A peak, worthy of the best days of the altcoin, which restored hope to crypto fans.
But, as is often the case in this market as unpredictable as a stormy sea, the wave quickly broke loose. Today, the volume barely reaches $5.72 billion. The translation? A dry loss of $6.88 billion and an alarm signal for experienced analysts.
This fall is not just a matter of numbers. It crystallizes a return of distrust. The bears, those famous bears of finance, seem to have marked a point by closing Solana's progression at $216.
Their strategy: Make the ascent towards $300,$ seem as distant as a mirage in the desert. And as long as the volume remains anemic, the chances of a rebound fade. Investors, waiting for a sign of recovery, will have to keep waiting. And waiting, in the crypto jungle, is often synonymous with nervousness.
Declining active addresses: the other shadow in the picture
Volumes are not the only metric of concern. Solana network engagement, as measured by the number of active addresses, reveals another stark truth.During the last days of October, Solana could boast