Solana And Ethereum Face Huge Retracements as Investors Diversify with Lunex Network

Solana and Ethereum are considered crypto giants, but even they couldn’t escape the ongoing market turbulence. Solana’s recent DeFi activity failed to protect the token from liquidations, and Ethereum’s price crash below $3,000 has left traders demotivated.

Amid this sentiment, Lunex Network is emerging as a breakout star by offering real-world utility. By simplifying cross-chain transactions and leveraging the latest Web3 technology, LNEX could become the leading DeFi altcoin in 2025. 

Solana (SOL) Investors Sell Out Despite Record-high DeFi Activity

Solana experienced its most successful month on record by handling over $258 billion in volume throughout January. Meme coins like TRUMP, Melania and Vine were key drivers of growth on Solana’s network, but even these tokens are losing traction now. 

Despite the record-high trading volumes, Solana’s active wallets dropped to 3.6 million by the end of January. The daily chart confirms this bearish trend as Solana’s price has crashed 10% in the last seven days. At press time, Solana was trading at $172.23 following a minor intraday surge of 2%. 

Solana’s trading volume crashed over 37% during the same period, with the daily chart reflecting bearish momentum. 

Ethereum (ETH) Poised for More Losses Amid Massive Liquidations

Ethereum is experiencing a major price decline during the market-wide selloff, bringing ETH’s value below the $3,000 support level. This unexpected crash took traders by surprise as many had taken long positions on Ethereum and anticipated a recovery against Bitcoin. As traders were forced to unwind those bets, Ethereum faced a wave of liquidations that triggered a steeper decline.

Ethereum is currently selling for $2,734 following an intraday increase of 1%. Ethereum’s short-term success depends on maintaining support at the $2,500 support level. Falling below this level could trigger additional price drops to $2,120 and potentially $2,000. 

Lunex Network (LNEX) Could Dominate DeFi Market After 425% Surge in Presale

Lunex Network is recording a massive adoption rate during its presale, having sold over 66% of its presale tokens in record time. Early adopters have helped Lunex Network raise over $7.25 million, signaling the platform’s strength and bullish momentum. 

Lunex Network’s DeFi platform allows crypto swaps across 40+ different blockchain networks. Users can swap over 50,000 cryptocurrency pairs without worrying about unsafe third-party apps like MetaMask or TrustWallet. The no-KYC policy also attracts whale investors to Lunex Network as every transaction remains as anonymous as possible. 

To make trading even simpler, Lunex Network has a Portfolio Tracking feature. This advanced trading tool helps users keep track of their tokens, stocks, bonds, and ETFs on a single mobile app and gives them consistent market updates to facilitate better trading decisions. 

Business owners are also flocking to Lunex Network’s ongoing presale because of the attractive B2B payment gateway. Merchants can use Lunex Network to accept cryptocurrency as a form of payment from customers around the world, eliminating all the trouble around traditional cross-border payments. 

Additionally, Lunex Network houses over 65 RPC nodes to facilitate Web3 dApp development. Developers can access these nodes by investing the native LNEX token and handle Web3 building by simply giving keys to APIs. 

Since Lunex Network is appealing to both small- and large-scale investors, the platform has already recorded a demand-induced 425% price surge during its presale. LNEX tokens are currently undervalued and priced at just $0.007 each, making now the ideal time to invest in this low-cap altcoin instead of giants like SOL and ETH. 

You can find more information about Lunex (LNEX) Network here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork