Solana has experienced a significant drop in token growth, with only 330,000 tokens created in February compared to over 2.3 million in January. This represents the lowest growth rate recorded based on the available data. The decline is believed to be due to the decreasing activity of bot farms, indicating a decrease in scams and a less profitable environment for token farms. Additionally, the number of new Solana addresses has decreased by 53%, similar to the network's peak decline last summer. This has caused a dramatic decrease in holdings among Solana whales and has resulted in a 30% drop in the token's value over the past month.
ADA, SOL, XRP: Altcoins Under Consideration for U.S. Crypto Reserve Lag BTC in Retaking Sunday Highs