Solana price drops as memecoins fade and SOL unlock concerns emerge

Trader’s interest in Solana is strong, but declining memecoin prices and SOL token unlocks have put a cap on the altcoin’s rally.

Key takeaways:

Solana's strong network activity contrasts with SOL’s token unlock schedule.

MEV issues and memecoins’ price decline pose a risk to Solana’s growth potential.

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