$SOL Reality Check 🚨
Solana has lost 97% of active traders in 2025, dropping from ~30M to <1M.
On-chain data shows institutions exiting for over a year, while retail keeps buying.
Network revenue fell 5x YoY ($2.5B → $500M).
Memecoin activity once drove demand — now that fuel is fading.
SOL’s next chapter won’t be memes.
It’ll be real usage or nothing.
