Solana’s current valuation has fallen significantly, dipping 8% below its realized value, resulting in unrealized paper profits or losses for holders. After peaking at $293.31 in January, Solana’s price has dropped 57.7% to $124, primarily due to reduced interest in meme-coins. Liquidity in the Solana ecosystem has decreased by over 45%, with on-chain revenues plummeting by 93%. The broader meme-coin