Solana's recent price action has been puzzling, as network activity surged by 45% in Q3 to reach a record 14.2 billion non-vote transactions.
This increase in usage is expected to provide support for the SOL crypto price narrative, but so far, it hasn't led to a significant rise in prices.
SOL's price remains below its recent highs, trading around $119 in October, despite reaching a late-September high above $124.
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