Post #2363

Solana activity cooled hard after February, with weekly active addresses dropping from 5M to below 3M. On-chain usage slowed, but sentiment moved the opposite direction and is now the most bullish it has been since January. Traders are positioning for a catch-up move after months of underperformance versus Bitcoin, but the next leg probably depends on whether network usage stabilizes instead of just social sentiment running ahead of fundamentals.