The Solana price has been weakening to a point where investors have now started to anticipate a new price bottom that may hit the token soon. SOL’s on-chain metrics continue to weaken, with the asset portraying a low user stance, indicative of a mellowed user interest and attention. Will Solana’s price bottom further below, or will it emerge stronger than ever?
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Solana On-Chain Activity Is Hitting New Lows
As per a recent update shared by a notable financial expert, Teddy, Solana’s on-chain activity has now hit a new low. The token encountered price spikes around March and April in 2025 and, since then, has been combating new pressure pangs, reporting low user activity and registrations. Teddy was quick to outline how Solana’s current network activity and DAA remain at an all-time low.
“Solana On-Chain Activity Remains Weak. The current picture is different. Price is back near the lower range. But network growth & DAA remain at multi-month lows. This suggests the latest bounce is happening without new users and without real network expansion..”
Solana ETFs to the Rescue?
According to Santiment, Solana ETFs can help bring a rebound, helping SOL rise up on the crypto radar. The portal shared how the SOL price could be up for a rebound, but the token’s market cap is down 44%, neutralizing the investors’ enthusiasm. Furthermore, experts are now waiting for a complete market evolution triggered by the FOMC rate cut decision for altcoins to pick up pace soon.
“These ETF developments matter because they can bring in large, institutional money. When big funds invest, it adds credibility and liquidity to Solana. That boost in institutional support may help stabilize SOL’s price long-term, and some believe it could lead to renewed interest in Solana’s blockchain ecosystem overall. Normally, this would be seen as bigger news for a coin, but because Solana’s market cap is -44% in 2 months, enthusiasm has understandably been a bit more tempered.”
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