$SOL The price continued to decline, falling below 190 for two reasons:
One: FTX will have 11.16 million SOLs unlocked on March 1, with a value of more than US$2 billion at current prices, accounting for 2% of the total market value.
Second: Solana DEX trading volume has continued to decline recently, with Raydium and Orca, the top two, both falling by 40%.
MemoCoin, the largest business on Solana, faces competition from BNBChain and lacks money-making effects, showing signs of a shutdown.