Solana liquidity shrinks over 28% since 2025 as MEXC leads market depth
- —SOL median market depth fell from about $28M to $20M per side, down over 28.5%
- —During price breaks, depth on most platforms sank to the $3M–$4M range
- —MEXC led SOL liquidity at the immediate market price with around $934,000
- —Bitcoin depth rose nearly 50% over the same comparison; Ethereum also thinned
Why it matters: Thinner order books make large SOL orders more likely to move the price, amplifying moves in both directions.
Source: Crypto Briefing