$SOL Validator Crisis: $17M Cost to Break Even as Nodes Vanish ๐จ
The $SOL correction is no longer just a healthy price resetโitโs a full-blown stress test of the networkโs core resilience. While $SOL has been the worst-performing large-cap asset this quarter, the real damage is happening under the hood. We are seeing textbook capitulation: Short-term holders are deep underwater, and Long-Term Holder NUPL is signaling a major shakeout. But this time, the fundamentals are eroding. The validator count has collapsed by 68% over two years, leaving only 800 active nodes. The economics are brutal. To simply break even, validators now need to stake a staggering $17 million worth of $SOL. This capital intensity is squeezing out smaller operators, directly threatening decentralization and security. This is not FUD; this is a structural threat. ๐
#SOL #CryptoAnalysis #ValidatorCrisis #L1
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