📉📈 Solana Holds $125 as Traders Exit—but Revenue Explodes
Solana is at a critical inflection point.
🔻 Trader Activity
• Unique DEX traders have dropped 95%+, from over 30M during the meme-coin frenzy to around 1M now.
• Momentum cooled after last year’s hype-driven surge.
💰 But Here’s the Twist
• $2.5B in on-chain revenue YTD, beating Ethereum’s $1.4B
• Recent daily app revenue has also surpassed Ethereum
• Shows real usage beyond speculation
📊 Market Structure
• Bulls point to bullish divergences and strong $120 support
• Bears warn of lower highs and thin volume, risking another leg down
• Solana has historically rebounded strongly from similar resets
⏳ Year-End Setup This looks less like a collapse and more like a post-hype reset—but direction from here is crucial.
💬 Is Solana building a strong base for the next run, or are falling traders a warning sign of deeper downside?
