Solana has seen a liquidity drain exceeding 10 billion USD, indicating a significant deficit as the total value locked is only at 8.822 billion USD. This substantial loss raises concerns about the sustainability of SOL’s recent price increase.
Despite a recent bounce back of 5%, the overall market sentiment towards SOL is fragile, with indications that current gains may rely more on speculative movements than strong fundamentals, making it vulnerable to a downturn.
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