Solana’s native token (SOL) experienced a significant drop, plummeting to $131.90 on February 25th, marking its lowest point in over five months. This unexpected correction triggered the closure of over $129 million in leveraged long SOL futures positions. Despite brief recovery to $140 levels, SOL has endured a 17% decline since February 22nd, while the broader cryptocurrency market has dipped by 10%. Several factors point to continued underperformance in the near term. Decentralized exchange (DEX) activity on the Solana network has decreased by 30% over the past seven days, reaching its lowest level since October 2024. This decline coincides with a notable reduction in DEX volumes across other leading blockchains like Ethereum, where volume growth has been observed. [More details about DEX activity decline can be added here]