Solana’s On-Chain Activity Drops as Price Signals a Potential Rebound
Solana’s On-Chain Activity Drops as Price Signals a Potential Rebound

Solana’s on-chain revenue has fallen 93 % in two months due to a decline in memecoin activity, leading to a drop in total value locked. Whale sell-offs and market sentiment shifts have contributed to price volatility, with SOL trading at $126. Despite this, bullish technical signals and exchange outflows suggest a potential recovery. This article analyzes the impact of declining on-chain activity, whale movements, and whether Solana can reclaim the $180 level.

2025-03-12Read
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