The Solana network has experienced a significant decline in its validator count, dropping over 68% from around 2,500 to approximately 800 over the past three years. This reduction has raised concerns about the network's health and security, with some attributing the decrease to the pruning of inactive nodes. However, there are warnings about potential centralization risks as a result of this decline. Additionally, on-chain data from Glassnode reveals a 30-day average realized profit-to-loss ratio below 1, suggesting bearish sentiment in the market. The combination of these factors has led to increased scrutiny of Solana's network stability and future prospects.