Solana enters March under strong pressure. SOL records a monthly decline of over 31%, with only the month of February showing a loss of 17%. However, the decline in the price of Solana is only part of the problem. Beyond the chart, the economic engine that fueled Solana until the end of 2025 — its meme coin ecosystem — has stalled. And the on-chain data regarding holders, exchange flows, and DEX activity all confirm the same thing: the sales are structural, not seasonal.