Solana is facing mounting selling pressure, trading at its lowest level since September 2024 following yesterday’s market-wide correction
Solana’s transfer volume has dropped from $1.99 billion in November 2024 to just $14.57 million today, suggesting a steep drop in network activity and interest
The broader market sell-off has taken a heavy toll on SOL, with meme coins experiencing some of the steepest declines
If SOL fails to hold above key demand levels, further downside could be expected in the short term