Coin-Turk 52 minutes ago
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The price of Solana 
$132 (SOL ($128.42)) is currently trading at levels 52% below its all-time high. In the past month, there has been a significant decline of 41% in price and a 40% drop in Total Value Locked (TVL). This situation indicates a notable decrease in investor confidence within the ecosystem.
TVL and Activity Data
The total value locked in the Solana network has decreased by 39.2% in the past month. TVL has fallen from an all-time high of $12.1 billion in January to the current $7.4 billion. This decline may suggest a decrease in active participation in DeFi protocols.
The market capitalization of Solana-based memecoins has decreased from a peak of $25 billion in December to $8.3 billion. The drop in market capitalization corresponds with most tokens losing 80-90% of their value from the peak. The reduction in DEX activities is also interpreted as a sign of investors withdrawing from the market.
Technical Indicators and Expectations
SOL price charts indicate a completed double top fo…
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