After hitting an ATH of around $294 in mid-January, the Solana price entered a downtrend mode and is now trading well-below that range. Even though most altcoins crashed in February, on-chain analytics is another alarming sign.

Per Solscan’s data, on-chain metrics on Solana are in heavy downtrend. For instance, in November Solana had days with over 8.7 million active addresses while in March this number dropped as low as 2.2 million.

Raydium’s token RAY took a hit as well since this is one of the largest exchanges on Solana. Moreover, Sonic’s ecosystem has been the only one booming in February with their TVL hitting ATH. It’s like people shifted to Sonic from Solana.

Meanwhile, ChowWow is a Solana-based meme coin that launched its presale in February. Let’s try to understand what would SOL price recovery mean for Raydium, Sonic and this hot new altcoin $CHOW.

The RAY price lost around 50% in February, making it one of the biggest losers among top cryptos.

If Solana gains momentum in March, Raydium’s price might follow with a strong pump. When Solana doubled from late 2024 to January 2025, RAY pumped over 4x during the same period. This pattern shows that Raydium closely follows Solana’s price movements.

Raydium connects with OpenBook (formerly Serum) to tap into bigger liquidity pools. This means better prices for traders compared to regular exchanges. Thanks to Solana’s tech, users enjoy super fast trades with tiny fees.

The deep liquidity from OpenBook helps traders get fair prices with less slippage. Raydium keeps things simple with an easy-to-use interface for trading and farming. Even beginners can figure it out quickly.

People who provide liquidity can stake their LP tokens to earn extra rewards. This keeps money flowing through the platform. Raydium also helps launch new projects through its Accelerator program, bringing fresh opportunities to users.

Sonic moved from Fantom to its own blockchain on December 18, 2024. Since then, it’s branded itself as a utility-focused Layer 1. The faster, cheaper transactions have caught the eye of both developers and investors.

Sonic’s TVL exploded from just $27 million on January 1 to over $700 million by late February. This huge jump shows strong interest in the platform. Many users turned to Sonic while Solana dealt with meme coin drama. People liked Sonic’s focus on utility and its speed.

But if Solana bounces back by April, Sonic could be in trouble. Investors who jumped ship from Solana to Sonic might rush back to the bigger ecosystem. This could cause Sonic’s TVL and token price to drop fast.

Much of Sonic’s recent growth might just be speculative. People were looking for options during Solana’s weak period. A Solana comeback might expose this and lead to a correction for Sonic. Projects that recently moved to Sonic might reconsider if Solana shows strength again.

ChowWow is a new meme coin on Solana that mixes fun with real utility. It features play-to-earn games and staking options. In Chinese culture, the Chow Chow dog breed symbolizes good luck. The project lets users play games and earn rewards they can use in real life.

Built on Solana, ChowWow ($CHOW) benefits from quick and cheap transactions. The total supply is capped at 888,777,000 tokens. Right now, you can buy in the second presale phase at $0.01, up from $0.008 in the first round. When it is listed on exchanges, the price is expected to be $0.0288.

You can stake your $CHOW tokens to earn monthly rewards between 8% and 15% APY. The rate depends on how long you stake and how active you are. There’s also a play-to-earn system where you get rewards for playing games.

The tokens are split up with 50% for presale, 10% for staking rewards, 7% for marketing, 10% for the team, 5% for liquidity, and 10% for community airdrops. A good chunk also goes to gaming rewards. 

The presale is ongoing and has already raised over $240,000. Early buyers got in at $0.0080 and are hoping for gains as the project grows. ChowWow runs weekly meme contests where you can submit your own memes on X  to win $1000 in USDT. This helps build a fun community around the token.

Visit ChowWow Presale

As Solana wrestles with its recent price dip, the projects within its ecosystem face different paths. Raydium stands to benefit directly from any SOL recovery, potentially multiplying gains if history repeats itself. Sonic might lose its momentum if investors shift back to a resurgent Solana.

ChowWow stands out as a  top crypto to buy now. With its presale still active at $0.01 and a listing price of $0.0288 on the horizon, early buyers have a chance at nearly 3x gains just from launch. 

Visit ChowWow Presale

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