Solana prices have seen a significant decline of more than 30% since reaching an all-time high in late November. The native token of the Solana platform, SOL, fell to around $175 on December 20, down approximately 32% from its all-time high. While the cryptocurrency has recovered somewhat, it has been unable to regain most of the ground it lost. Analysts have offered various explanations for the weakness in the SOL token, including concerns about declining activity on the platform and market consolidation. Additionally, the nomination of Paul Atkins for the top post at the U.S. Securities and Exchange Commission and the rise of alternative platforms like Hyperliquid have also impacted Solana's performance. Some analysts believe the recent decline in SOL prices is a healthy consolidation before the next upward move.



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