Solana (SOL), the third-largest cryptocurrency, has experienced a significant decline, falling below its realized price level for the first time in nearly three years. The dip suggests that a substantial portion of SOL holders are now at a loss. The drop in price is occurring amidst a broader market selloff and a decline in network revenue. The decline in transaction fees and reduced network demand could further weigh on SOL's price. However, the crypto market has historically been volatile, and analysts remain divided on Solana's long-term trajectory.



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