Most tokens have fallen from 30% to 80% since mid-December last year, and SOL's market value has shrunk by about $50 billion in a single month.

PANews February 25th news, data from digital asset management company Arca shows that most tokens have lost 30% to 80% of the value since mid-December last year, with Solana losing about 500 in the past month. $100 million, partly due to the recent Meme coin scandal called Libra, and Solana is also under selling pressure due to the approximately $1.72 billion Solana token planned to be "unlocked" (releasing transaction restrictions) on March 1.

Jeff Dorman, chief investment officer at Arca, said: “The weak cryptocurrency market has been going on for eight weeks, with stocks, fixed income and gold not affected at all by any indicators used to explain the weakness, only cryptocurrencies continue to decline. This is largely the case. It is due to the sluggish market sentiment, the failure of various Meme coins, and the lack of funds to support the issuance of new tokens." (Bloomberg)