X @Santiment

Market Trends & Concerns - Solana's (SOL) price has been increasing since mid-summer, but Network Growth and Daily Active Addresses have been trending down [1] - The network activity is shrinking while the price increases, suggesting speculation is outpacing actual usage [1] - Liquidity may be circulating primarily among existing holders rather than new users [1] Underlying Fundamentals - Real growth should be reflected in fees, users, and new addresses, which is not currently observed in Solana [2] - Momentum without fundamentals is unsustainable [2]