Is Solana really done for? 97% network crash alert!

#solana 's network activity plummeted 97% in Q4 2025, with transactions dropping from 30 million/month to less than 1 million. #sol 's price also followed the 'roller coaster', crashing from $300 to $120... a drop of 58%!

#memecoin🚀🚀🚀 is the main player, but it is also a double-edged sword—short-term attention-grabbing, but high long-term risk. Marty Parties see it as a testing ground, but as traders exit, true stable traffic will still rely on institutional support. Visa has its eyes on Solana for stablecoin settlements, and resilience is expected in the future.

Compared to #ETH , Solana's revenue has dropped fivefold, with only $502 million this year, while ETH has secured $1.4 billion. SOL's relative returns to ETH are down 56%, and Fundstrat predicts it could fall to $50–75 in the first half of 2026, but analysts remain optimistic about a rebound to $134–140. 💹

Is Solana 'washed up' or 'reborn'? It has dropped significantly in the short term, but the potential is still there—it's just a matter of who can take over the baton after the meme coins.

#加密市场观察