$SOL Faces Declining Activity Ahead of Major Token Unlock

Solana is experiencing a sharp drop in active addresses as the network struggles with bearish sentiment. The upcoming unlock of 11.2 million SOL ($1.4B) on March 1 is expected to heighten market volatility, raising concerns over price stability. SOL has already dropped 32% in the past month, with trading volume and transaction fees declining. Analysts warn that if bearish momentum continues, further downside could be ahead for the asset.