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blmasterr
@blockchainmaster
Solana’s TVL Drops Below $10B – A Red Flag? Solana’s TVL plunged to $9.9B, marking a 30% drop since mid-January, mainly due to the LIBRA rug pull and liquidity outflows. While it slightly recovered to $10.3B, concerns over Solana’s DeFi stability remain high. LIBRA’s collapse drained liquidity, shaking investor confidence. Historically, TVL drops = SOL price declines, and this time is no different. RSI at 37 and falling OBV suggest continued bearish pressure. SOL Price Update: Currently at $173, up 2.87% intraday, but still far from its $260 high. Bottom Line: If Solana doesn’t restore DeFi trust, breaking $200 resistance could be a struggle.
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