Solana shows no new users: what hints at the next SOL price movement

Solana’s price has fallen to the point where investors are starting to anticipate a new price bottom that the token could reach in the near future. SOL’s on-chain indicators continue to weaken, indicating that the asset has a low user stance and user interest and attention is subdued. Will Solana’s price bottom out further below, or will it rise higher than ever?

Solana on-chain activity reaches new lows

According to a recent update shared by renowned financial expert Teddy, Solana’s on-chain activity has now reached a new low. The token experienced a price spike around March-April 2025 and has since continued to struggle with new pressures, reporting a decline in user activity and registrations. Teddy briefly explained how Solana’s current network activity and DAA remain at an all-time low.

“Solana’s on-chain activity remains weak. The current situation is different. Prices are back near the lows. However, network growth and DAA are at multi-month lows. This suggests that the latest rally is occurring without new users and without any real network expansion.”

Will Solana ETF save the day?

According to Santiment, the Solana ETF could provide a rebound and help put SOL on the crypto radar. The portal shared how the SOL price is likely to rebound, but the token market capitalization has fallen by 44%, neutralizing investor enthusiasm. moreover, Experts are currently waiting for the complete market evolution The movement of altcoins will soon accelerate due to the FOMC’s decision to cut interest rates.

“The development of these ETFs is important because they can attract large institutional capital. When large funds invest, it increases Solana’s credibility and liquidity. Increased institutional support could help stabilize SOL’s price in the long term, and Solana’s block chip Some believe it could lead to renewed interest in the entire cryptocurrency ecosystem. Normally this would be considered bigger news for the coin, but with Solana’s market cap down -44% in two months, the enthusiasm is understandably a bit louder. ”