Solana (SOL) faces selling pressure and reputation damage due to market weakness, meme coin frenzy, and pump-and-dump schemes.135 whales holding over 10,000 SOL have sold or redistributed their holdings in the past month.An 11.2 million SOL (worth nearly $2 billion) token unlock by FTX on March 1 raises fears of a major selloff.Solana's network activity has plunged, and its MEME index has declined around -6% in the past month.