Solana $SOL has faced recent challenges that have impacted its market performance. Currently, the price of SOL is at $169.08, representing a decrease of 8.84% from its previous close. In the last 24 hours, the cryptocurrency reached a high of $186.63 and a low of $164.21.

In addition, activity on the Solana network has seen a notable drop. The number of active addresses has decreased from 18.5 million in November to 8.4 million currently, a decrease of 55%. The total volume transferred on the network has also fallen dramatically, from $2 billion in November to just $26 million.

Another point of attention is the upcoming unlock of SOL tokens. In the next three months, approximately 15 million tokens, valued at over $7 billion, will be released into the market. This increase in supply could put additional pressure on the price of SOL.

In light of these events, Solana investors and enthusiasts should closely monitor developments and carefully evaluate their positions in the market.