Industry News

Tracks company news, strategic changes, funding activities, and personnel adjustments across the blockchain and crypto industries, delivering a full-spectrum industry overview for our users.

From Frenzy to Chill: Solana Falls Below $80, Meme Narrative Recedes

Foresight News reports that Solana (SOL) has experienced a significant downturn, falling below $80 and hitting a low of $67 in early February—its lowest point since December 2023. The token has declined for five consecutive months, with a peak drop of over 71% from its October 2025 high. Key NFT projects like Mad Lads also saw major devaluations. During the bull market, SOL rose dramatically from $8 to $295, fueled largely by meme coin mania on platforms like Pump.fun. Meme activity, including tokens like Dogwifhat and Bonk, drove high engagement, further amplified by Donald Trump’s token launch on Solana. However, the meme trend has since cooled, with trading volume on Pump.fun dropping to one-sixth of its peak. Attention and capital have partially shifted to BNB Chain, where meme platforms gained traction in late 2025. Solana also faces growing competition from other blockchains. Ethereum’s upgrades have improved its scalability and reduced fees, narrowing Solana’s speed advantage. Base chain has also grown, attracting users with AI-related tokens. Additionally, real-world asset (RWA) tokenization remains dominated by Ethereum, limiting Solana’s expansion in that sector. Despite earlier support from corporate digital asset treasuries (DATs)—which bought SOL as treasury assets—the overall bear market and declining confidence have outweighed buy-side pressure. Both Bitcoin and Ethereum have also seen significant price drops recently. Solana’s co-founder has openly sought community feedback on the network’s challenges, which include over-reliance on meme culture and lack of diverse, perceived utility beyond speculative assets.

比推02/13 05:37

From Frenzy to Chill: Solana Falls Below $80, Meme Narrative Recedes

比推02/13 05:37

BlackRock's First Foray into DeFi Trading, Coinbase CEO's Stock Sale Controversy – What's the Overseas Crypto Community Talking About Today?

In the past 24 hours, the crypto market saw significant developments, including institutional entry into DeFi and rising concerns over high-leverage narratives. BlackRock made its first direct DeFi transaction by listing its $1.8B tokenized treasury product BUIDL on Uniswap and acquiring UNI tokens, causing a short-term price surge. The move, executed via UniswapX for accredited investors, is seen as a major step in TradFi-DeFi integration but raised questions about protocol neutrality. MicroStrategy’s Michael Saylor sparked concern by stating the company could withstand a Bitcoin drop to $8K through debt refinancing, leading to comparisons with past failed high-leverage schemes. Meanwhile, Coinbase CEO Brian Armstrong’s continued stock sales drew mixed reactions, with some viewing it as insider caution despite possible personal financial planning reasons. On the ecosystem front, Citi completed a full supply chain finance operation on Solana, boosting its institutional credibility. Perp DEX Lighter launched Korean stock perpetuals (e.g., Samsung, Hyundai) with funding fee rebates, while Nado increased deposit limits. Additional notable updates include a Dune and Visa collaboration on a stablecoin report, Pudgy Penguins’ new crypto Visa card, and AI agents beginning to use Coinbase’s Agent Wallet for on-chain transactions.

marsbit02/12 16:37

BlackRock's First Foray into DeFi Trading, Coinbase CEO's Stock Sale Controversy – What's the Overseas Crypto Community Talking About Today?

marsbit02/12 16:37

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