📉 $SOL Active Addresses Hit 12-Month Low!
Solana's ($SOL) active addresses have dipped to a 12-month low of 3.3 million, a significant drop from January's peak of over 9 million. This decline is primarily linked to the fading hype around memecoins, even as $SOL's DeFi TVL maintains strong levels.
This suggests a shift in investor sentiment, moving away from speculative memecoin plays towards more foundational value. While specific activity on Solana has slowed, the broader crypto market sees capital flowing into established assets like $BTC and $ETH through ETFs, indicating a maturing market focus.
Is this a necessary correction for $SOL to build more sustainable growth?
ETH
3,144.17
-1.16%
SOL
138.66
-1.18%