#SOL Trend Analysis On March 1, a storm that determines Solana's future trend is coming. The 11.2 million SOLs sold in FTX's bankruptcy auction are about to be unlocked, worth up to US$2.06 billion, accounting for 2.29% of the total SOL circulation. This is not only a simple market event, but also a sword of Damocles hanging over Solana's head, which may fall at any time.
What's worse is that Solana's current trading volume and on-chain activity are both declining, which means that once the giant whale chooses to sell, the buying capacity may be directly penetrated. Is SOL's liquidity sufficient to digest this batch of sell-offs? The answer is not optimistic.
Dependence and fate: Success and failure are MemeSolana once ushered in a highlight moment due to the Meme coin craze. The explosion of the Meme ecosystem has caused the on-chain transaction volume to soar, DEX activity hits a new high, and SOL prices have been strengthening. However, when market sentiment cooled down, Meme's fanaticism not only did not become the cornerstone of Solana's long-term development, but instead pushed it into the abyss in the crisis of trust.