Solana's SOL token is trading near $84, down 67% from its September 2025 peak, amid network challenges and mixed market signals. Recent on-chain data reveals a split between declining market sentiment and sustained user activity, indicating that users have not abandoned the network. A critical security issue in January prompted calls for validators to upgrade to Agave/Jito v3.0.14, but many remain on older versions, raising concerns about network stability.
Despite these challenges, Solana's daily wallet creation has increased, suggesting ongoing user interest. Exchange data shows more outflows than inflows, indicating that some holders are moving tokens off exchanges rather than selling. While SOL's price has dropped 35% over the past month, it has seen a slight recovery with a 3% gain in the last 24 hours. The network's resilience is under scrutiny as it navigates infrastructure concerns and market pressures.
Solana Faces Mixed Signals Amid Price Decline and Network Strain
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