Solana News: Unusual Slowdown in Token Growth Raises Concerns Over SOL Price

Recent data indicates a significant slowdown in the growth of unique native tokens created on the Solana blockchain, sparking concerns among investors about the potential impact on SOL’s price.

Solana Faces Unusual Slowdown In Token Growth, Is SOL Price At Risk?

Solana (SOL) has seen little growth in its native token count over the past weeks. According to Dune Analytics, the blockchain recorded an 88% slump in the growth of unique native tokens created in its network. Only 330,000 tokens were created in February, representing a 0.84% bump month-on-month. This is a steep drop compared to January when over 2.3 million tokens were created, and even in December, more than 2.1 million unique tokens were accommodated in the ecosystem. Crypto analyst Conor Grogan described this development as the “lowest rate in history”.

Solaxy Presale Surpasses $25M for Solana Layer-2 Solution – Next 100x Crypto?

Solaxy (SOLX), the pioneering Layer-2 solution for the Solana blockchain, has achieved a significant milestone by raising over $25 million in its ongoing presale. This achievement shows growing investor confidence in Solaxy’s mission to enhance Solana’s scalability and efficiency. The window to buy SOLX tokens at discounted prices will close as the presale progresses. This presents a timely opportunity for early adopters who can also stake their tokens and increase their holdings while the presale lasts.

Solana Price Uplift Incoming: SOL Investors Seek Bigger Gains

This year has been lively for the crypto space, with big price swings. In particular, the Solana price has seen significant action, posting a 34% loss in the last month but surging by 4% in the last week. The question now is whether the Solana price will soar to new heights. In January, Solana teased the $300 mark, showing potential for big gains when the market is ripe.

Solana Founder Skeptical About US Crypto Reserve

Anatoly Yakovenko, co-founder of Solana, expressed skepticism about the idea of a strategic crypto reserve in the United States, fearing it could undermine decentralization. He stated, ’If you want decentralization to fail, you will entrust its management to the government.’ However, he remains open to objective criteria should such a reserve come to fruition.