The implications of rising Solana skepticism have been dire, primarily based purely on numbers. From a peak value of $258.78 on Nov. 6,2021, Solana’s SOL token has declined to only over $10 at present, Dec. 28. That’s a drop of -96.1%, vastly sharper than the drawdowns from peak for BTC (-74.5%) and ETH (-74.6%). It’s even a sharper drop, extremely, than dogecoin has seen within the bear market – the memecoin is down a mere 76% since its October 2021 peak.
