Solana has experienced an 88% drop in token growth, with only 330,000 tokens created in February compared to over 2.3 million in January. This decline, attributed to reduced activity from bot farms, coincides with a 53% decrease in new Solana addresses and a 30% drop in SOL’s value over the past month.
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0 posts last weekEthereum Gas Fees Drop Signaling Potential Recovery or Increased Selling Pressure
Ethereum transaction fees have dropped to $0.41, the lowest in four years, raising questions about the implications for ETH’s price amid recent selling pressure. While reduced fees indicate lower network congestion, they may also reflect decreased activity, although past trends suggest this could attract more users back. Concerns grow as a whale offloaded 23,330 ETH, hinting at potential further downside amidst a shift toward bearish momentum.
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