Despite a recent price decline, Solana’s on-chain activity has shown signs of resilience. Data from Santiment reveals an increase in wallet addresses and new user signups during this period. This comes as traders remain cautious about near-term price movements, with key support levels at around $125-$130 attracting attention. Key insights into Solana’s onchain activity and the potential impact of a new inflation proposal are outlined below: **Rising Onchain Activity in the Face of Price Weakness:** This period shows contrasting trends between market behavior and network usage. While prices have dipped, user participation has increased, suggesting some investors added positions during uncertainty. Market analysts suggest this pattern could be crucial for future price movements.