Santiment Sees Hope for Solana

A recent report by Santiment indicates that the creation of new wallets on the Solana network is on the rise, despite a significant drop in the price of its native token, SOL, which is hovering around $84 after falling nearly 67% from its peak in September 2025. This reveals that, while market sentiment may be bearish, user interest remains strong.

Challenges and Community Response

The report highlights ongoing frustrations within the Solana community related to past security issues. In January, significant vulnerabilities were disclosed, prompting client maintainers to urge validators to update their software promptly. Despite these warnings, reports indicated that over half of the validators did not comply, leaving the network vulnerable.

Security concerns resurfaced in February with infrastructural disruptions that affected network traffic and raised concerns among users. The market’s attention is increasingly focused on how well Solana’s decentralized validators manage these pressures, which directly impacts transaction safety and uptime for decentralized finance (DeFi) applications.

Price Trends and Market Observations

SOL’s price experienced declines, notably dropping 25% in a week, with analysts warning that if the asset dips below $100, it could fall to $74 or even $50. However, there are signs of resilience, as Santiment reports an increase in wallet creation, suggesting that user engagement remains strong even as market sentiment declines.

Moreover, some holders are withdrawing their tokens from exchanges rather than preparing to sell, indicating a cautious optimism within the community.

In recent weeks, Solana has continued to see activity growth, showcasing that there is still interest from developers. For instance, Zora’s shift of a new product from Base to Solana indicates ongoing developer engagement despite the price drop.

Conclusion

Beneath the challenging price dynamics, Solana’s active user base and ongoing development projects signify that the interest in the network has not dissipated despite the gloomy market environment.