Solana has continued to attract deposits and hold its #2 position as far as TVL (Total Value Locked) is concerned.
Despite $SOL’s falling price, its TVL numbers in April were the highest they have been since June 2022, showing investors’ belief in the Solana ecosystem.
Keep reading to find out the real significance behind Solana’s rising TVL, why it’s a good time to be bullish on it, and how you can maximize your earnings by investing in the best meme coins.
Understanding Solana’s Falling Price
Solana has fallen by more than 60% since mid-January, after making a high of $290. It’s now trading at around $120 and has tested its support of $113 twice.
The last 7 days have also seen a sharp 15% decline, which can be attributed to Solana’s unlocking event on April 4th.
Around 1.79M staked tokens, which were staked at ..
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