Solana (SOL) fell nearly 4% in the past 24 hours, a sharp reversal in direction from its recent high near $145. The drop followed a wave of liquidations in the derivatives market and broad altcoin weakness. Almost $390 million in crypto positions have been liquidated, $348 million of which were long according to CoinGlass. The selloff intensified after SOL breached its 20-day and 50-day exponential moving averages, according to CoinDesk Research's technical analysis data model. Volume surged during the ...

Core Insights - The misconception among investors is that purchasing native coins of major blockchains equates to owning a portion of the chain's economic activity or governance rights, similar to stock ownership [1] - Many investors may feel compelled to sell popular cryptocurrencies without fully understanding the underlying value proposition, even for coins like XRP, Ethereum, and Solana that have potential [2] Group 1 - The primary error investors make is assuming that most blockchains distribute economic value directly to coinholders, akin to dividends, which is not the case [4] - Decentralized applications (dApps) often charge fees in various forms that do not translate into consistent buying pressure for the native coin, leaving investors without direct exposure to the economic upside [4][5] - High levels of on-chain activity do not guarantee high returns for tokenholders due to the absence of a value capture mechanism, indicating a need for a revised investment thesis [6] Group 2 - Cryptocurrencies should not be viewed as stocks, but they can still hold real value derived from different mechanisms [8] - Investors can potentially benefit from cryptocurrencies through four specific mechanisms: supply contraction, staking rewards, demand from institutional users, and a monetary premium if a chain becomes a default venue for certain financial activities [6]

Core Insights - The health of a blockchain network for decentralized finance (DeFi) is often indicated by the flow of stablecoins, where a decline can signal waning confidence and potential capital flight [1][2] Group 1: Stablecoin Dynamics - Solana's stablecoin supply has decreased by approximately $2.7 billion, representing a 17% drop over the past 30 days, with a significant portion occurring in the last week [2] - A sharp decline in stablecoin value can indicate redemptions back to fiat currencies or a shift of assets to other networks perceived as more attractive [5][6] - The overall stablecoin supply across all chains has remained flat, suggesting that capital is specifically leaving Solana, which could be indicative of investor concerns [7] Group 2: Market Implications - A reduction in stablecoin value on a blockchain leads to decreased liquidity for decentralized applications (dApps), potentially harming the ecosystem and reducing the attractiveness for developers [6] - Despite Solana's stablecoin issues, Ethereum's stablecoin supply has also decreased by around 1%, indicating that Solana's primary competitor is not gaining from its challenges, which may provide some relief to Solana holders [9]

One, I'm very bullish on Salana from the perspective of pretty much every founder I meet in consumer. That is where they just default go to build, right. And on the other side of the spectrum, I expect to see like a very strong reversal in Ethereum sentiment.I think we've already begun that with Genius Act, Clarity Act, improvement in REV and TVL, DAT bid, institutional bid. I think everything is just going to go Ethereum's way this year in particular. Bankless Nation, I want to introduce you to Arnov Pagad ...

Core Insights - Solana's recent price action indicates a failed recovery attempt, confirming a downside break as selling pressure intensified [1] - Investor confidence has weakened, leading to the first net outflows in Solana-focused ETFs in a month, marking a significant shift in institutional sentiment [2][3] Price Action and Technical Analysis - Solana trades near $133 after breaking down from an ascending wedge pattern, projecting a decline of nearly 10% to $128, which was approached during recent trading [7] - The bearish outlook suggests further weakness, with a potential move toward $128 likely in the coming days [8] Investor Sentiment and ETF Flows - The lack of price follow-through has reduced conviction among larger market participants, leading to capital rotation out of SOL-linked products [3] - Persistent realized losses have been recorded for four consecutive days, indicating growing stress among holders as price declines erase recent gains [5] Market Conditions and Future Outlook - Realized losses dominated Solana throughout December 2025, with panic selling over the past four days offsetting initial gains in January [6] - The bearish outlook could change if ETF outflows stabilize, potentially allowing Solana to reclaim $136 as support, which would invalidate the current bearish thesis [9]

Core Viewpoint - The article discusses the significant impact of geopolitical risks and trade policy uncertainties on global financial markets, particularly following President Trump's threats to impose tariffs on European countries in response to the Greenland acquisition proposal [5]. Group 1: Market Reactions - European stock markets opened sharply lower, with major indices experiencing declines: the Stoxx 50 index fell by 1.64%, the French CAC 40 index dropped by 1.73%, the Italian FTSE MIB index decreased by 1.6%, and the UK FTSE 100 index declined by 0.37% [4]. - The cryptocurrency market also faced a downturn, with Bitcoin's price dropping by 3.6% to below $92,000, while Ethereum fell by 4.9% and Solana experienced an 8.6% decline [2][3]. Group 2: Geopolitical Context - Trump's statement on social media indicated that if a comprehensive agreement for the acquisition of Greenland was not reached, tariffs would be imposed on eight European NATO member countries starting at 10% on February 1, escalating to 25% by June 1 [4]. - The countries affected by the proposed tariffs include Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland [7]. Group 3: European Response - European leaders have expressed strong opposition to the tariff threats, with French President Macron stating that the threats are "unacceptable" and emphasizing European unity in supporting Denmark [7][8]. - Other leaders, including Norway's Prime Minister and Finland's President, echoed similar sentiments, advocating for dialogue over pressure and emphasizing the importance of territorial integrity and sovereignty [8]. Group 4: Upcoming Events - The World Economic Forum (WEF) is set to commence in Davos, Switzerland, with President Trump scheduled to speak, raising market anticipation regarding potential policy clarifications [9].

吴说获悉，Solana 联合创始人 Toly 回应 Vitalik "以太坊需通过 walkaway test"的观点称，Solana 若停止 迭代就会走向死亡。他表示，Solana 不应依赖任何单一团队或个人，而必须持续演进以满足开发者与用 户的真实需求。协议升级的核心目标应是解决实际的开发或使用问题，而非迎合所有诉求。Toly 强 调，Solana 必须足够"有用"，让大量开发者能通过链上交易创造价值、获得收入，甚至反哺开源协议本 身。未来一定会有"下一个版本的 Solana"，只是未必由当前核心团队主导。 （来源：吴说） ...

Core Insights - Solana's price is trending higher overall, but near-term risks are emerging due to the formation of an ascending wedge, which often indicates a potential pullback [1] - Despite strong investor participation and a significant increase in new addresses, existing holders are exerting more influence on price action, leading to a potential decline [4][5] Group 1: Network Activity - The number of addresses conducting transactions on Solana has surged, with over 8 million new addresses joining the network in a single day, indicating substantial demand for SOL [2][3] - This growth reflects Solana's expanding ecosystem appeal, driven by DeFi activity, memecoins, and high-throughput applications [3] Group 2: Price Action and Projections - Solana's price is currently around $144, within an ascending wedge that suggests a potential decline of 9.5%, targeting a downside near $129 [6] - Weakening momentum indicators suggest that a confirmed breakdown could push SOL towards $136 initially, with further support at the $130 level [7] - However, if investor sentiment improves and selling pressure eases, SOL could rebound from the wedge's lower trend line, with a move above $146 indicating renewed strength [8]

Core Insights - The current issue of spam replies in Telegram groups is significantly driven by users attempting to exploit revenue-sharing opportunities [1] - The phase of incentivizing spam replies has ended, and only content that genuinely goes viral will be rewarded [1] - The team has addressed two major incentive loopholes this week, with some minor pathways for spam still needing to be closed [1]

RT SID (@sid0btc)I joined the @solanagaming campaign on @Galxe without any big expectations. I thought it was just another quest, and that was all.Gaming on @solana felt amazing no delays no $40 gas fees, no frustration. Just a smooth tap, and your item instantly lands in your wallet. I even launched Star Atlas and Aurora right from my regular Solana wallet, and it genuinely impressed me. The experience of 60 fps, solid graphics, real ownership, and zero stuck transactions feels refreshing.When Solana Gamin ...