Solana price drops 29% despite liquidity surge and inclusion in US stockpile
From Cointelegraph
March 9, 2025 10:33 AM:
Solana’s price has dropped nearly 29% since the beginning of 2025, despite receiving $10 billion in new liquidity and being included in the US Digital Asset Stockpile alongside Cardano and XRP. Over $9.5 billion in USDC stablecoins have been minted since Jan. 1, 2025, but Solana’s price has not seen an uptrend.
The decrease in Solana’s price is attributed to investors flowing liquidity into memecoins instead of SOL. Since the launch of Trump’s Official Trump (TRUMP) token, SOL has dropped by 49%. During the Trump coin launch, many investors sold their crypto assets to buy TRUMP, contributing to the downward trend in SOL’s price.
Solana has faced capital outflows of over $485 million in February, with investors seeking safer assets following memecoin scams. The outflows mainly went to Ethereum, Arbitrum, and the BNB Chain. This movement of capital reflects a broader trend of investors moving towards safer assets in the crypto market.
Disappointment in Solana-based memecoin launches, like the Libra token endorsed by Argentine President Javier Milei, has also dampened investor interest. Insiders allegedly siphoned over $107 million in a rug pull, causing a 94% price collapse and wiping out $4 billion in investor capital.
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