Solana SOL has witnessed a steep decline of 40 percent over the last month. This crash has triggered panic selling among traders, pushing the altcoin into severely oversold territory. Comparisons to the FTX collapse of 2022 heighten concerns about Solana’s future. Traders are torn between hoping for a recovery or bracing for more declines. Regardless, the market remains tense as followers watch closely to gauge Solana’s next move.