Solana’s Network Resilience Defies Price Volatility
Despite a significant 49% decline in market capitalization from its September peak, solana is demonstrating remarkable network strength that contradicts its price performance. While SOL's price has dropped 32% to current levels around $127.5, the network has experienced a surprising 5.8% month-over-month increase in daily active addresses, reaching 3.65 million according to Santiment data. This divergence between price action and network growth presents a compelling case for Solana's underlying value proposition. The stabilization of market capitalization near $71.34 billion, coupled with the token's recovery from a brief dip to $122, indicates strong investor confidence in the platform's long-term potential. The growing active address count suggests that despite market volatility, user adoption and network utility continue to expand, potentially signaling an upcoming price recovery as network fundamentals catch up with market sentiment. This unusual pattern of network growth during a price decline highlights Solana's robust ecosystem and the continued developer and user commitment to the platform. The data suggests that while short-term market conditions have pressured SOL's price, the fundamental health of the network remains strong, with increasing adoption potentially laying the groundwork for future price appreciation. This scenario presents an interesting opportunity for investors who focus on network metrics rather than short-term price movements, as the growing user base could eventually translate into increased demand for the native token.
Solana Defies Market Slump with Unusual Network Growth Amid Price Decline
Solana’s market capitalization has plummeted 49% since its September peak, yet its network activity paints a divergent picture. Daily active addresses have risen 5.8% month-over-month to 3.65 million, per Santiment data—a bullish signal against SOL’s 32% price drop.
The token traded at $127.5 after briefly dipping to $122, with market cap stabilizing NEAR $71.34 billion. This resilience suggests investor confidence may be decoupling from short-term price action, as on-chain activity hints at potential accumulation.
‘Bloodbath’ conditions across crypto markets have dragged major assets to yearly lows, but Solana’s organic usage growth could foreshadow a rebound. The network’s ability to attract users despite macro headwinds mirrors Ethereum’s 2018-2019 accumulation phase.
Crypto Industry’s Holiday Wishlist: 5 Key Requests For The White House This Christmas
The crypto industry is capitalizing on the recent conclusion of the government shutdown to present urgent regulatory requests to the WHITE House. December is poised to be a decisive month for digital assets under President Donald Trump’s administration, which has shown favorable momentum in advancing crypto regulations.
The Solana Policy Institute has taken the lead, urging immediate action from the Treasury and the IRS in a letter dated November 20. The industry seeks tax clarity, particularly on staking, mining, airdrops, and cross-chain transactions. Clearer guidelines are needed to prevent taxation on unrealized income, aligning tax rules with economic realities.
Revisions defining staking and mining rewards as property are among the top priorities. The Treasury’s swift action could deliver quick wins for the sector, even as Congress continues its legislative process.
Coinbase Acquires Solana's Vector to Enhance On-Chain Trading
Coinbase shares rose Friday after announcing plans to acquire Vector, a Solana-based on-chain trading platform. The MOVE aims to integrate Vector's technology into Coinbase's consumer trading experience, expanding access to high-velocity crypto markets.
Solana's decentralized exchange volume has already surpassed $1 trillion in 2025, according to Messari. This acquisition positions Coinbase to capitalize on Solana's growing ecosystem while improving DEX integration for its users.
Despite the positive development, COIN stock remains under pressure, having dropped 13% this week. Erste Group downgraded the stock to Hold, citing competition from low-cost Bitcoin ETFs. Wall Street maintains a Moderate Buy rating with a $400.63 average price target.
Solana Faces Critical Test as Death Cross Looms Over $123 Support
Solana's price action has entered a precarious phase, closing near $130 after a week of volatility. The looming death cross between its 50-day and 200-day moving averages signals potential extended downside—a pattern last seen in early 2023.
The $121–$123 support zone now serves as the last line of defense against a steeper decline toward $107 or even $95. Market structure remains bearish, with lower highs reinforcing a descending channel since mid-September. Each rally attempt has faltered at the channel midline, underscoring persistent selling pressure.
Traders are weighing whether the current support will hold or collapse under the weight of technical deterioration. The death cross formation, coupled with failed recoveries, suggests consolidation may precede another leg down unless buyers regain momentum abruptly.
