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Is Solana more than just hype? Here’s why the real test begins now!

Solana surged recently with a $3 billion influx due to memecoin activities, propelling its market performance by 27% within a week. Stablecoin market cap jumped significantly, indicating strong interest and liquidity in the ecosystem.

Despite initial profits for investors, SOL faced a concerning 12% drop after profit-taking. The dependency on memecoin hype raises questions about Solana’s long-term value, as it struggles to shift from hype-driven gains to sustained growth.

With a bullish MACD indicator for SOL/BTC and the potential return of retail traders, Solana’s future hinges on fresh accumulations. The question is whether it can uphold its recent gains without falling back into temporary trends.

This is community-generated content, not advice from ONUS.
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