Solana

Raydium

<ul class="wp-block-list">
 <li>Solana’s $318B transfer volume is likely driven by bots, raising concerns about organic growth.</li>  
 <li>Despite bot activity, Solana’s price has surged 43% in the last month, reaching $238.</li>  
 <li>Analysts predict SOL could reach $400, but bot-driven volume raises doubts about sustainable growth.</li> 
</ul>  
<p>Recently, Solana hit a record $318 billion in <a href="https://cryptonewsland.com/sky-unveils-usds-stablecoin-on-solana-to-strengthen-defi-liquidity/" rel="noopener noreferrer nofollow">transfer volume</a>, sparking both excitement and concern. Glassnode, a market intelligence firm, claims bots are behind much of this surge. With bots inflating numbers, many wonder if Solana’s growth is sustainable. Will bot-driven volume hurt the price of Solana’s native token, SOL?</p>  
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<h2 class="wp-block-heading" id="h-the-data-behind-the-surge">The Data Behind the Surge</h2>  
<p>On Nov. 16, Solana saw an unprecedented $318 billion in transfer volume. This number is nearly three times the network’s <a href="https://cryptonewsland.com/solana-surpasses-paypals-market-cap-reaches-83-56-billion-after-price-surge/" rel="noopener noreferrer nofollow">current market cap</a> of $112.5 billion. Alongside this surge, active addresses hit 22 million. However, Glassnode noted an unusual drop in average transaction size, which raises suspicions. Organic growth would typically cause both metrics to increase together, suggesting something artificial is at play.</p>  
<p><a href="https://glassnode.com/" rel="noopener noreferrer nofollow">Glassnode</a> believes bots are inflating these volumes. Similar patterns have been observed on Solana in the past. Automated trading often leads to distorted statistics, giving the impression of more activity than there actually is. The uptick in volume has led to higher fees and revenue. On Nov. 20, Solana saw a record $6 million in daily revenue.</p>  
<h2 class="wp-block-heading" id="h-what-does-this-mean-for-sol-s-price">What Does This Mean for SOL’s Price?</h2>  
<p>Despite the oddities, Solana reached new highs in other areas. On Nov. 19, decentralized exchange (DEX) volume hit $6.93 billion, with Raydium accounting for 74%. But looking closer at Raydium’s liquidity pools reveals troubling signs. Some pools, like the <a href="https://www.coingecko.com/en/coins/hat-solana" rel="noopener noreferrer nofollow">SOL/HAT pair</a>, held barely any liquidity, yet saw massive trading volumes.</p>  
<p>This points to bots skewing numbers, raising doubts about Solana’s true growth. Despite concerns about bot-driven activity, many investors remain optimistic. Over the past month, Solana’s price jumped 43%, reaching $238. Some analysts predict SOL could hit $400 if the trend continues.</p>  
<p>Solana’s market cap peaked at $117.8 billion on Nov. 18, making it the fourth-largest cryptocurrency. Still, the debate about inflated activity remains. Can Solana keep climbing, or is this growth just a temporary spike? Only time will reveal the truth.</p>   
<p>The post <a href="https://cryptonewsland.com/bot-fuels-solanas-318b-transfer-volume/" rel="noopener noreferrer nofollow">Bot Activity Fuels Solana’s $318B Transfer Volume — Will SOL Price Take a Hit?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bot Activity Fuels Solana’s $318B Transfer Volume — Will SOL Price Take a Hit?

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