#solana The price of Solana drops as memecoins lose strength and concerns arise about the unlocking of SOL

Trader interest in Solana is strong, but the decline in memecoin prices and the unlocking of SOL tokens have limited the bounce of this alternative cryptocurrency.

Key points:

The strong activity of the Solana network contrasts with the schedule for unlocking SOL tokens.

MEV issues and the decline in memecoin prices pose a risk to Solana's growth potential.

Solana's native token, SOL PP, fell 10% after a strong rejection at the $185 level on May 23. The current mark of $167 is the lowest in over a week, leading traders to question the reasons behind the recent drop and whether SOL could return to the support level of $142.

Despite the price drop, SOL holders may find some comfort in Solana's position as the second-largest network in terms of total value locked (TVL). However, Ethereum's dominance remains undisputed, backed by a wide ecosystem of layer 2 solutions that offer low fees and high scalability.