"Solana's USDC Surge: Can $140 Support Hold?"

Solana, the high-speed blockchain platform, has been in the spotlight recently due to a significant injection of USDC, a stablecoin, into its ecosystem. With a total of 8.75 billion USDC minted since the beginning of the year, the question on everyone's mind is whether this influx of liquidity will spark a rebound for sol, the native token of the Solana network.

Solana started February with a market capitalization above $100 billion, but persistent sell-side pressure has pushed it down to $72 billion at the time of writing. The SOL token has fallen below the $140 support level, its lowest point in four months. This decline has raised concerns about the network's liquidity and the sustainability of its recent rally.

The recent minting of 250 million USDC on the network has led to a surge in network volume, reaching an all-time high of $27.745 billion. However, this volume has since retraced sharply to just $1 billion, and leading Solana-based memecoins have recorded double-digit losses. This sharp decline suggests that the network may be experiencing liquidity saturation, potentially signaling exhaustion in SOL's recent rally.

The impact of the 250 million USDC injection on SOL's rebound remains uncertain. With meme-sector volume down over 50%, the recently minted USDC may have a diminished impact, limiting SOL's upside potential. As excess SOL liquidity floods the market amid fading memecoin demand and declining trade volume, the growing supply-demand imbalance raises concerns that Solana may be shifting from a long-term value asset to a short-term speculative play.

Since hitting its all-time high of $295, SOL has remained in a sustained downtrend, failing to establish strong support at key retracement levels. In previous cycles, SOL broke key resistance levels on election and memecoin-driven "hype," but the absence of strong demand in bearish conditions now signals a fragile market structure. Weak bid-side liquidity continues to limit bullish absorption of sell pressure, putting the $140 support level at risk.

Despite the recent rally, the impact of the 250 million USDC injection on SOL's rebound remains negligible. With Solana's fundamentals showing no significant improvement, the token faces a higher probability of retracing toward $125. As the