Finst

Despite memecoin crash: Solana has more and more hodlers

According to a post by noted onchain analyst Ali on platform X, more than 11 million people now own at least 0.1 Solana in their wallets - a new record.

By Mike Hesp
• 2 min read
Despite memecoin crash: Solana has more and more hodlers

According to a post by noted onchain analyst Ali on platform X, more than 11 million people now own at least 0.1 Solana in their wallets - a new record.

View post on X

When it comes to network activity, things look different. The number of active addresses has halved since peaking at over 13 million in October 2024 to about 7 million today.

Solana profited for a long time from the controversial trading of memecoins. However, this sector collapsed after scandals surrounding Trump-Coin and Libra, among others. Major upgrades, a possible Solana spot ETF, a new Web3 smartphone and more developments are planned. Despite recent setbacks, 2025 looks promising for the network.

Currently, Solana's share price is around $142, with a market capitalization of $72 billion. Its highest point ever was reached on Jan. 19, 2025, with a price of nearly $300.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.