A trader makes $8.9 million in an hour trading SHROOM on Solana, amidst the ongoing meme coin craze. Despite SHROOM's surge and subsequent retracement, Solana (SOL) faces a bearish trend, dropping 4.29%. SOL struggles to breach $200, with a potential decline to $149.20 amid increased selling pressure. However, a mid-term rebound towards $250 remains possible.
EdmundAs the MeMe coin sector continues to be strong, its on-chain transaction volume has increased significantly. Especially from March 2 to March 5, the transaction volume surged from US$4.8 billion to US$11.5 billion, with more than one-third of the transactions Centralized in the Solana ecosystem.
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