🟠 Solana slightly drops, onchain remains "hot" — is $250 still far?
After touching $172, $SOL dropped 6% – dragging along the feeling of “running out of steam” across the altcoin market.
Main reasons? Nasdaq adjustments, CoreWeave lowering cloud revenue forecasts, and rumors of China banning the U.S. military from accessing rare earths causing investor confusion.
However, the bright side is clear:
Active addresses up 10%, transactions up 8%, while Ethereum dropped sharply by 26%.
Solana's DApps revenue still tops the market, profit-sharing applications attract users.
TVL reached $12 billion, far ahead of BNB Chain ($8 billion).
Strong growth sectors: Securitize +35%, Solstice USX +31%, Meteora +10%.
Since the Solana ETF launched (10/28), net capital has increased by $343 million, but Galaxy Digital sold 439,621 SOL, slowing the upward momentum.
If geopolitical tensions ease and AI cools down, the journey back to $250 is not a far-fetched idea.
Not investment advice – just a newsletter to help you read and then wonder: "Why haven't I bought/Have I bought/Am I crying?" 🤣
#SolanaUpdate #CryptoMarket #AltcoinNews #BlockchainEcosystem #DeFiGrowth
