Journalist
Posted:
- TRADING TRADING OF ETOLNA PUMP.FUN dropped by 81% in two weeks.
- The weak feeling is part of a broader rout of the Altcoin market.
Solana (soil) Pumping tokens, mainly dominated by coins, lost a significant traction in February.
In particular, in mid-January, the pump trading volume.
Two weeks later, the negotiation volume of the ecosystem fell to $ 569 million – a drop of 81%.
Source: the block
It should be noted that the massive volume of the middle of January also coincided with the launch of Trump and Melania and the same. Trump briefly reached $ 75 billion in FDV (fully diluted value) while Melania pumped $ 13 billion FDV.
The two were launched on Solana and contributed to the massive volume seen in January. However, they also sucked the liquidity of other tokens.
The estimated event of Dé-de-de-de-de-de-de-de-de-de-detent of the market in early February, has more unless the market feel.
The wider Altcoin market is weakening
To put the recent liquidation cascade in perspective, the Altcoin market lost 234 billion dollars in two weeks.
In simple terms, the misery of the same dore trading is part of a wider slowdown in the market after a massive liquidation event and a macro uncertainty.
Source: Glassnode
Since last December, the Altcoin market capitalization has increased from 1,896 T to $ 1,450 t. Nearly $ 450 B has been suffered from the sector in the past two months.
Despite the decline, some jewels of the upper pump with considerable domination were in the AI / Defai story.
Fartcoin overcome the graph, while the AI (Arc) rigging complex arrived second. Other AI tokens like Griffain and Act were located in the top 10 pumping tokens by market capitalization.
Source: Coingecko
Since the account of AI dominates the ecosystem, they could recover more quickly if the feeling of the market improves that the other traditional same.
