Solana is back under pressure. The asset has now dropped -49% from its local top on September 17th, marking one of its sharpest drawdowns of the year. Market sentiment around the chain looks shaky. Price volatility remains high. And many traders are watching every candle. But underneath that pricing noise, something else is happening. Something different from the last selloff. This time, Solana’s on-chain activity is rising, new wallets are accelerating, and ETFs are pulling in hundreds of millions in fresh inflows. And now, the chain’s developers just proposed a tokenomics change that could reshape SOL’s long-term supply curve far
The post Solana Faces a 49% Drawdown, But On-Chain Activity Show a Deep Bullish Shift appeared first on The Merkle News.
