Solana faces mounting pressure as declining memecoin activity and Alameda’s token unlocks challenge its recent bullish momentum. Despite robust institutional ETF inflows, the cryptocurrency’s ability to hold key technical support levels will determine its near-term trajectory. The clash between systematic selling and accelerating institutional demand defines Solana’s current market dynamics.
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0 posts last weekBinance Halts Solana USDT/USDC Deposits, SOL Price Drops
Major cryptocurrency exchanges Binance and OKX have suspended deposits of Solana-based stablecoins USDT and USDC, triggering a sharp 3% decline in SOL’s value to $13.70 and testing post-FTX lows. The moves come amid ongoing market turmoil following FTX’s collapse, raising serious questions about the Solana ecosystem’s stability despite Circle’s confirmation that its USDC remains fully functional on the network.
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