Solana (SOL), a type of cryptocurrency, is having some ups and downs! After a big drop, its price went up a bit, but it's still much lower than its highest price ever. This has some people worried.
- SOL's price rose 17% recently but is still down 50% from its peak.
- Activity on the Solana network is way down, meaning fewer people are using it.
- Some experts think this isn't just because of a crash in 'memecoins' (funny cryptocurrency pictures).
- There's less interest from traders who use borrowed money to buy SOL.
| Fact | Number |
|---|---|
| SOL price decrease from all-time high | 50% |
| Drop in Solana network fees | 73% |
| Decrease in active addresses on Jito (a Solana app) | 56% |
Experts are unsure if SOL will go back up soon. Many things need to improve for that to happen, like more people using Solana and more interest from big investors. It's important to remember that this is just news and not financial advice!
