Solaxy Layer 2 ICO Raises Nearly $19 Million – Next Big SOL Meme Coin?
The Solana ecosystem faces turbulence as the market drops another 1% today. Trading volume has increased, but fear remains high in the Fear and Greed Index. February has been a tough month for crypto, starting with the trade war situation and leading to a steady decline across the industry. Solana (SOL) has taken a massive hit, plunging nearly 177% and falling below $200 after previously aiming for $300. This sharp decline has sparked questions—Is Solana finished? Are Solana meme coins done? Over the past week, Solana has lost 16%, but on a monthly scale, it shows signs of recovery, being only 3% down in the last 30 days. After recently approaching $300, Solana continues to prove its strength, creating a potential buying opportunity for those looking to enter at lower prices. As a major player in crypto, it remains one of the most traded assets. The meme coin sector on Solana has also struggled, with top projects facing heavy losses. TRUMP has dropped 30%, BONK has fallen 23%,...