PANews reported on February 21 that according to Cointelegraph, Memecoin fraud is undermining community trust, especially the Libra token incident, which has led to a significant decline in Solana user activity. In February, the number of active addresses on the network fell to an average of 9.5 million per week, down nearly 40% from 15.6 million active addresses in November 2024. As confidence in Solana wanes, millions of dollars worth of cryptocurrencies are being transferred from Solana to other blockchains, indicating that potential capital outflows could have a net positive impact on the long-term growth of blockchains.