Solana Price Tanks 20% Amid Record Network Activity

Solana (SOL) price has plummeted by approximately 20% in the last 30 days, and is currently down 44% year-to-date.

Despite this decline, Solana's network activity continues to accelerate, with decentralized exchange activity climbing 39% and reaching a seven-day mean of $1.73 billion daily.

The Solana network processed a record-breaking $1.3 billion in tokenized stock transactions last week, commanding roughly 95% of the entire blockchain-based tokenized equities sector.

Token deposits to exchanges increased by roughly 2,400% from June 11 to June 25, indicating sustained distribution pressure.