Crypto analyst Gerhard from Bitcoin Strategy has issued a warning about a potential major price crash for Solana (SOL). Despite being a leading blockchain, SOL has underperformed, dropping 23% from its yearly high. Gerhard highlights declining active addresses, suspicious trading patterns, and a 10x increase in open interest in Solana perpetual futures as significant concerns. These factors, coupled with a stagnant total value locked and past market shocks like the FTX collapse, suggest a possible steep decline in SOL's price. The analyst's cautionary note comes as Solana struggles to keep pace with Bitcoin and Ethereum.