Solana in free fall: Investors are distanced

Investors massively hold short positions on the crypto Solan (soil), while the ecosystem faces a number of scandals associated with the same thing. Exchange platform data reveals a sharp increase in lower bets, reflecting a feeling of growing distrust of the network.

Short positions are intensifying

On February 17, Solan’s term markets recorded a spectacular turn. Coanyze data shows that the ratio between long and short positions brutally increased from 4 to 2.5, signaling a radical change in investors’ feeling.

The situation is even more critical of binance, a world leader in cryptocurrencies, where traders bet four times more than up. These multiplications of short positions suggest that investors expect a significant drop in land price in the coming weeks.

This loss of confidence will already take place in the Solana course, which dropped by 6 %in a single day. Permanent term contracts that allow you to speculate about the price without a time limit show the dominance of reducing positions, revealing general pessimism on the market.

” The market clearly expresses its anger toward the solana », Notes Tyler Durden, a recognized influence in the crypt of the world, a report published yesterday on X.

Solana is the same ecosystem in riots

Investors’ trust was seriously shaken by a number of scandals involving the same built on the blockchain Solan. The ecosystem, which recorded explosive growth in the fourth quarter of 2024 with a 213 % increase in applications, now faces the consequences of this unbridled expansion.

Several cases were particularly indicated by ghosts:

• The Libra token deleted the market capitalization of $ 4.4 billion in a few hours of the start of February 14. This debacle was impaired by a controversy concerning Argentine President Javier Milei, who is now the subject of legal proceedings for misleading promotion.
• The same, the official Trump (Trump) caused losses estimated at $ 2 billion, which affected more than 800,000 wallets. Its total diluted value collapsed from $ 70 billion to approximately $ 17 billion, with 80 % of chips concentrated in the hands of initials.

The previous success of the ecosystem, especially with BONK (BONK) and DOGWIFHAT (WIF), which has achieved market capitalization together more than $ 4 billion, now seems remote. This sequence of negative events seriously affects the reputation of Solana, despite the fact that the network continues to generate more income than Ethereum in terms of total locked value.

In short, this development raises important questions about the sustainability of the same ecosystem Solana and its impact on the blockchain as a whole. Multipling scandals could have permanent consequences of investor trust and future platform development.

FENELON L.

Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom are guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.

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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.