A trader spent 202.7 SOL to buy 1.68 million READY two days ago.

Meme decline, narrative cooling: losing the $80 mark, has Solana's cycle bonus ended?

Solana has recently faced a market winter, with its token SOL price dropping from a high of $295 to $80, a decline of 71%. Factors such as the cooling of the Meme craze, weakening of ecosystem narratives, and increased competition have led to a decrease in activity within the Solana ecosystem. Additionally, purchases of SOL by digital asset treasuries have failed to offset overall market pressure, shaking investor confidence.

Data: US SOL spot ETF's total net inflow for the day is $2,704,100.

Yesterday (Eastern Time, February 12), the total net inflow of SOL spot ETFs was $2,704,100, of which Bitwise Solana Staking ETF had a net inflow of $2,052,300, bringing the total net inflow to $681 million. Grayscale Solana Trust had a net inflow of $340,800, with a total net inflow of $108 million. Currently, the total net asset value of SOL spot ETFs is $656 million.

Trove Markets secretly refunded KOLs after the coin price plummeted, and ICO participants suffered heavy losses.

Bubblemaps disclosed on the X platform that Trove Markets refunded KOLs who participated in the pre-sale, but other investors suffered heavy losses. After the token collapse, it was found that the project team engaged in improper conduct towards investors and was suspected of improper fund flows, leading to strong community dissatisfaction and a significant drop in the token price.

Whale "HXXQk" Deposits 60,000 SOL to CEX, Realizes $7.38M Loss

Gate News bot message, a whale identified as "HXXQk" deposited 60,000 $SOL valued at $4.42M into a centralized exchange, resulting in a realized loss of $7.38M. According to the data, the whale initially withdrew 111,945 $SOL worth $17.16M for staking purposes, before subsequently sending the token