Solana (SOL) has experienced a sharp decline in value, dropping from $200 to $124. This plunge raises concerns as sentiment among investors weakens, largely due to a struggling memecoin sector.

Analysts are taking note of SOL’s underperformance, especially against Ethereum (ETH). Many are now speculating whether Solana could fall further, possibly reaching the $100 mark.

Amid such uncertainties, investors should closely watch market indicators and shifts in sentiment toward Solana. Engaging with reliable sources can help make informed decisions during these turbulent times.