Solana (SOL) Market Update
Solana (SOL) has dropped 41.17% from its $286.81 peak to $168.72, erasing $50 billion in market value. The decline is linked to reduced on-chain activity, an upcoming 15M SOL token unlock, and meme coin scandals like the LIBRA incident. Despite this, Solana recently celebrated its 5th anniversary, showing strong ecosystem growth. Sol Strategies’ acquisition of Laine Validator further strengthens its network. While short-term challenges persist, Solana’s long-term potential remains solid due to continuous development and adoption. Investors are watching closely for signs of recovery.