The crypto market experienced a downturn on Monday due to uncertainty around Chinese AI advancement 'DeepSeek.' This led to selling pressure, with Bitcoin threatening to break below $100k and causing selling pressure among top altcoins like SOL. However, Solana shows potential for a rebound as it has recorded significant onchain activity, particularly in memecoins and decentralized exchanges. Solana's transaction fees are low and it generated $203 million in fees this month, surpassing Ethereum. Solana's DEX volume has also surged to $226 billion, surpassing other blockchains. While the Solana price has witnessed volatility, a bull flag pattern formation suggests a potential 50% leap if it breaks the overhead resistance at $247.



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