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Solana Under Pressure as Memecoin Activity Declines and Alameda Unlocks Continue
Solana (SOL) faces mounting challenges from declining memecoin engagement, reduced network activity, and ongoing token releases by Alameda Research. Daily active addresses have fallen to 3.3 million from over 9 million earlier in 2025, according to Glassnode and The Block. Despite these headwinds, institutional ETF inflows reached $336 million over one week, while SOL trades near the critical $140–$150 support zone.