$SOL
Solana's price is currently declining due to a combination of factors:
* **Upcoming token unlock:** A large number of Solana tokens will soon be released into circulation, potentially increasing supply and lowering value.
* **Network activity decrease:** User engagement and trading volume on the Solana network have dropped.
* **Meme coin collapse:** The Solana meme coin ecosystem has significantly decreased in value, impacting overall sentiment.
* **Technical indicators:** Negative patterns like the "death cross" suggest further potential losses.
While the price drop is concerning, it's important to remember that the crypto market is volatile. Whether Solana's price will recover remains to be seen.