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Solana Price Drops 52% as DeFi and Memecoin Activity Decline

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SOL
$125.68-0.48%
Solana (SOL) has dropped over 52% from its mid-September high of $255, with the fear and greed index showing heightened bearish sentiment. TVL has fallen to $8.6 billion from $13 billion, as users pull funds from liquid staking and DEXs. Network activity has slowed, with fees, transactions, and active addresses all declining. Memecoin volume on Solana is down 90%, signaling fading interest. A breakdown below the $135 level could push the price toward $90.
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