Solana network activity plunges 97% in Q4 2025; traders fall from 30M to under 1M
According to Dune, Solana’s network activity fell 97% in Q4 2025, with monthly active traders sliding from over 30 million in late 2024 to under 1 million in 2025. SOL dropped from nearly $300 to the $120 yearly support as memecoin-driven activity weakened, while analysts debated outcomes ranging from a $50–$75 target in H1 2026 to a 15% rebound toward $134–$140.