Solana Price Recovery at Risk as SOL Meme Coin Activity Dries Up

Solana (SOL) is facing further downside risk amid a notable decline in meme coin activity on the blockchain as investors turn their attention to assets with strong fundamentals due to geopolitical tensions. At press time, Solana price was trading at $144 after an 8% decline in seven days, while the total market cap for meme coins created on the blockchain has declined below $10 billion.