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Extreme Volatility in Solana Stablecoin Trading Hides Price Risks Behind Ecosystem Prosperity
{:en}The blockchain network Solana has recently attracted market attention due to extreme fluctuations in stablecoin trading volume. According to data provided by global payment infrastructure platform Mercuryo to Cointelegraph, Tether (USDT) trading volume on the Solana network surged by 137% in the last week of February, following a 61% plunge in the previous week. Such dramatic swings not only reveal the complex sentiment of investors toward Solana stablecoins but also raise concerns that the native token SOL may face greater price volatility risks. Petr Kozyakov, co-founder and CEO of Mercuryo, noted that the abnormal trading activity of Solana stablecoins could serve as an "early warning sign of price instability," while emphasizing that the network's high performance and ecosystem vitality remain…
Extreme Volatility in Solana Stablecoin Trading Hides Price Risks Behind Ecosystem Prosperity
{:en}The blockchain network Solana has recently attracted market attention due to extreme fluctuations in stablecoin trading volume. According to data provided by global payment infrastructure platform Mercuryo to Cointelegraph, Tether (USDT) trading volume on the Solana network surged by 137% in the last week of February, following a 61% plunge in the previous week. Such dramatic swings not only reveal the complex sentiment of investors toward Solana stablecoins but also raise concerns that the native token SOL may face greater price volatility risks. Petr Kozyakov, co-founder and CEO of Mercuryo, noted that the abnormal trading activity of Solana stablecoins could serve as an "early warning sign of price instability," while emphasizing that the network's high performance and ecosystem vitality remain…
{:en}The blockchain network Solana has recently attracted market attention due to extreme fluctuations in stablecoin trading volume. According to data provided by global payment infrastructure platform Mercuryo to Cointelegraph, Tether (USDT) trading volume on the Solana network surged by 137% in the last week of February, following a 61% plunge in the previous week. Such dramatic swings not only reveal the complex sentiment of investors toward Solana stablecoins but also raise concerns that the native token SOL may face greater price volatility risks. Petr Kozyakov, co-founder and CEO of Mercuryo, noted that the abnormal trading activity of Solana stablecoins could serve as an "early warning sign of price instability," while emphasizing that the network's high performance and ecosystem vitality remain…
Extreme Volatility in Solana Stablecoin Trading Hides Price Risks Behind Ecosystem Prosperity
{:en}The blockchain network Solana has recently attracted market attention due to extreme fluctuations in stablecoin trading volume. According to data provided by global payment infrastructure platform Mercuryo to Cointelegraph, Tether (USDT) trading volume on the Solana network surged by 137% in the last week of February, following a 61% plunge in the previous week. Such dramatic swings not only reveal the complex sentiment of investors toward Solana stablecoins but also raise concerns that the native token SOL may face greater price volatility risks. Petr Kozyakov, co-founder and CEO of Mercuryo, noted that the abnormal trading activity of Solana stablecoins could serve as an "early warning sign of price instability," while emphasizing that the network's high performance and ecosystem vitality remain…
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