Solana's price has fallen to $183.81 after breaching a critical support level at $182.31, indicating possible further declines to $178.88. Despite this price drop, Grayscale emphasizes Solana's undervaluation, citing strong on-chain activity and $400 million in monthly fees as indicators of its robust fundamentals. The network boasts over 500 active applications and has processed $1.2 trillion in DeFi volume this year, underscoring its significant market presence.