Is Solana Still Worth Buying After Falling 37% in 90 Days?

Core Viewpoint - Solana's recent price decline of approximately 36% over the past 90 days is attributed to negative sentiment in the crypto market and a lawsuit affecting key entities within its ecosystem, raising questions about whether this dip represents a buying opportunity or signals a weakening bull thesis for the coin [1]. Group 1: Ecosystem Performance - Solana's ecosystem remains robust, with a total value locked (TVL) in decentralized finance (DeFi) applications nearing $6.6 billion [3]. - The base of stablecoins on the network is approximately $15.6 billion, close to its all-time high, indicating that investors continue to invest capital despite the falling price of the coin [3]. - Solana is now included in exchange-traded funds (ETFs) launched in late 2025, which currently hold around $332 million in capital, with ongoing inflows and more ETFs anticipated, potentially increasing capital inflows [4]. Group 2: Technological Advantages - Solana boasts the fastest transaction speeds, lowest transaction costs, and highest throughput potential among major cryptocurrencies, with further technological upgrades planned for 2026 to enhance these advantages [5]. - The platform is shifting towards tokenized assets, particularly stocks, which is expected to attract users who prioritize high performance [5]. Group 3: Legal Challenges - Solana is currently facing a significant class-action lawsuit that involves critical entities responsible for its technology development and ecosystem health, including Solana Labs and the Solana Foundation [6]. - The lawsuit alleges that these entities provided insiders with priority access to token launches, creating unfair conditions for outside investors, and the outcome of the case remains uncertain [7]. - If the lawsuit is dismissed, Solana's price could rebound due to its strong fundamentals and ongoing upgrades; however, an unfavorable outcome could result in substantial fines or settlements, negatively impacting the chain's resources and public relations [8].