Phursey

🚨 Solana (SOL) slid to ~$95–$100, its lowest level since April 2025, after a broad risk-off wave hit $BTC, AI stocks, gold, and silver. $SOL is down ~18% in 30 days, with $165M in long liquidations and ETF outflows of ~$11M adding pressure.

But fundamentals didn’t roll over: network fees jumped 81%, active addresses rose 62%, and transactions hit 2.29B in 30 days, far ahead of rivals. Perp funding flipped to -17%, signaling extreme bearish positioning that historically doesn’t last.

Macro fear is driving price, not onchain demand. Whether SOL finds a durable bounce likely depends on easing global risk sentiment rather than network health.

#Macro Insights#