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Solana Stablecoin Supply Has Peaked. What Will Happen to SOL Price?

Solana Stablecoin Supply Has Peaked. What Will Happen to SOL Price?

HappyCoinNewsHappyCoinNews2025/01/25 12:44
By:HappyCoinNews

Over the past week, the supply of stablecoins on the blockchain Solana has grown sharply by 77,5% and has already reached a new historical maximum of $10,83 billion.

Trump family memecoins were a key factor in the record figure. In recent days, TRUMP and MELANIA tokens have attracted billions of dollars and hundreds of thousands of new users to the ecosystem Solana . The daily number of new addresses on the network reached almost 9 million, which was the highest in history Solana .

Solana Stablecoin Supply Has Peaked. What Will Happen to SOL Price? image 0

Most often, network users Solana elected stablecoin USDC. It accounted for 77,25% of transactions.

Total locked value ( T ) on the network has grown from $1,3 billion as of January 24, 2024 to $11,98 billion today. Since the beginning of the year, this figure has increased by more than 800%. In the last week alone T increased by 24,7%.

Historically Large Stablecoin Supply and Increase T had a positive impact on the price of SOL. For example, in September 2021, the supply of stablecoins increased by 93%. After that, within two months token rose in price by 45,76% from $177 to $258.

If history repeats itself, the price of SOL could rise by 45% and reach $362 by March 2025.

EN @happycoinnews
EN @happycoinnews_en
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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