Solana Price Corrects Amid Robust Network Growth

Solana (SOL) is experiencing a short-term price correction, dropping 8.31% from $110.50 to around $100.40 since August 26.

Despite this decline, Solana's underlying network fundamentals remain strong, with consistently rising new address numbers indicating sustained ecosystem growth and adoption.

The number of whale wallets holding 10,000 SOL or more has increased by 1.58%, suggesting significant holders are increasing their stakes and potentially decreasing available liquidity on exchanges.