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Solana's Q2 Decline: Decreased Activity, Fees, and Stakers as SEC Lawsuits and Delistings Take Their Toll

Solana experienced a challenging Q2 with a decline in network activity and fees, leading to a loss of interest from stakers. The network faced obstacles such as the FTX debacle and downtime, but managed to gather momentum in Q1 2023.

However, lawsuits from the SEC hindered Solana's growth trajectory in Q2, resulting in a decline in revenue and a reduction in the number of stakers.

Despite this, SOL's price has seen positive momentum in recent weeks and is currently trading at $22.32. The RSI and CMF indicators suggest a bullish future for Solana.

Solana Solana $237.17
-6.14%
Solana
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