Solana: Will a $250M USDC injection spark SOL’s rebound? – BitRss

Solana [SOL] began February with a market cap above $100 billion, but at press time, it has declined to $72 billion.

Persistent sell-side pressure has outweighed demand, forcing SOL below the $140 support – its lowest level in four months.

With 250 million USDC freshly minted on the network, can increased liquidity catalyze a recovery?

Solana’s liquidity strain 

Since the New Year, 8.75 billion USDC have been minted on Solana, driving network volume to an all-time high of $27.745 billion – coinciding with the TRUMP ($16.56) memecoin launch.

However, volume has since retraced sharply to just $1 billion, while leading Solana-based memecoins have recorded double-digit losses.