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Solana TVL drops 40% as SOL price risks further losses to $110

Coin Telegraph LogoCoin Telegraph13h ago

Solana TVL drops 40% as SOL price risks further losses to $110 - Coin Telegraph

Quick Summary:

Solana price is 41% down in 30 days, driven by decreasing memecoin activity and a plunge in its network TVL with a SOL double-top pattern playing out.

This drop in the prices of Solana-based memecoins and market cap is preceded by decreasing DEX activity on the layer-1 blockchain.

Related: Solana (SOL) price sell-off accelerates — Will traders defend the $130 support?

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Article Details

Author / Journalist: Cointelegraph by Nancy Lubale

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-27 @ 14:53:58 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 671 words

Reading Time: 4 minutes read

Sentences: 36 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26478073

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 352 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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The story "Solana TVL drops 40% as SOL price risks further losses to $110" has 671 words across 36 sentences, which will take approximately 3 - 6 minutes for the average person to read.

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The story "Solana TVL drops 40% as SOL price risks further losses to $110" was covered 13 hours ago by Coin Telegraph, a news publisher based in United States.

How trustworthy is 'Coin Telegraph' news outlet?

Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 352 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #26478073
  • URL: https://chronographically.beamstart.com/news/solana-tvl-drops-40-as-17406710156991

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