Solana Active Addresses Surge Amid Price Target Cut

Solana (SOL) has seen its active addresses nearly double to 4.8 million since the start of 2026, a sign that user participation on the blockchain is returning.

This growth comes as Standard Chartered slashed its year-end price target for SOL to $250 from $310, citing delays in the blockchain's shift away from meme coin dependency.

Geoffrey Kendrick, head of digital assets research at Standard Chartered, said that Solana remains a quality project worth buying despite its heavy reliance on meme coin trading. The shift toward more sustainable applications like micropayments is underway but will take time to reach scale.