The Solana ecosystem faces turbulence as the market drops another 1% today. Trading volume has increased, but fear remains high in the Fear and Greed Index. February has been a tough month for crypto, starting with the trade war situation and leading to a steady decline across the industry.<\/p>\n
Solana (SOL) has taken a massive hit, plunging nearly 177% and falling below $200 after previously aiming for $300. This sharp decline has sparked questions—Is Solana finished? Are Solana meme coins done?<\/p>\n
Over the past week, Solana has lost 16%, but on a monthly scale, it shows signs of recovery, being only 3% down in the last 30 days.<\/p>\n
After recently approaching $300, Solana continues to prove its strength, creating a potential buying opportunity for those looking to enter at lower prices. As a major player in crypto, it remains one of the most traded assets.<\/p>\n
The meme coin sector on Solana has also struggled, with top projects facing heavy losses. TRUMP has dropped 30%, BONK has fallen 23%, MELANIA has plunged 42%, WIF has declined 31%, and PENGU has lost 30%.<\/p>\n
Some newer coins have seen brief gains, but overall sentiment remains bearish, with many projects down between 20% and 50%. Despite the downturn, those who recognize long-term potential may still find opportunities in the ecosystem.<\/p>\n
Amid the current market uncertainty, Solaxy (SOLX) has emerged as a project with strong potential.<\/p>\n