Solana Price Drops Amidst Uncertainty: Forward Industries Loses Massive Value

Solana’s price has experienced a significant decline, dropping around 32% in the past month despite recent positive developments. This drop is largely attributed to traders shifting their focus away from Solana to other blockchain networks such as Hyperliquid and BNB Chain. Analysis suggests that Solana’s share of transaction fees has significantly fallen from over 50% at the beginning of the year to around 9%. This decline further highlights a shift in the market landscape.