Solana sees $485M outflows in February as crypto capital flees to ‘safety’

Quick Summary:

Macroeconomic factors, memecoin scams and the industry’s largest-ever hack drove investor capital to safer assets, including stablecoins and RWAs.

Disappointment in Solana-based memecoin launches has also curbed investor appetite, particularly after the launch of the Libra token, which was endorsed by Argentine President Javier Milei.

Beyond Solana, total cryptocurrency market capitalization dropped by 20% in February, driven by growing negative sentiment, Binance Research noted.

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Article Details

Author / Journalist: Cointelegraph by Zoltan Vardai

Category: Crypto

Markets: United States

Topics: Rwas Billion Assets Capital Cointelegraph Investor Macroeconomic Crypto Solana Market Stablecoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-05 @ 14:00:00 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 429 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26686418

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 225 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

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Website Security: Secure (HTTPS)

Publisher ID: #11

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