According to external sources, Solana ' s social discussion heat has cooled over the past year, but there is no simultaneous withdrawal of funds on the chain. The decline in the number of independent content creators who speak around the network indicates a slowdown in community discussions and natural transmission over the same period last year. However, ecological internal liquidity is maintained in terms of the flow of funds between TVL, DEX transactions and agreements.

The social heat is back from last year.

According to LunarCrush data, over the past 12 months the number of independent creators who have published Solana content has decreased by 20.7 per cent. This change usually means that retail users are losing interest or that market attention is shifting to other public chains and new narratives.

In terms of price performance, SOL was at the time about 72.92 United States dollars, rising by 1.78 per cent in the day and by 7.4 per cent in the past week. However, this price range is still close to the level that was observed in 2023, suggesting that the rebound has not yet completely changed the market ' s judgement of its stage.

ETF transition to short-line outflows

The article also mentioned that the Solana spot ETF had maintained a net inflow for most of the time after it had been on the line, but that there had recently been several consecutive days of outflows. ETF funding changes are often seen as a direct signal of institutional needs, and the shift is therefore seen by the market as a sign of short-term emotional caution.

At the same time, the chain data do not give the same pessimistic conclusions. According to the article, when the market is under pressure, more money is redistributed between agreements and route tools such as Kamino, Raydium, Jupiter and Titan, rather than simply leaving the Solana network.

There's still support for TVL and DEX transactions.

The total stock at SOL prices has risen to over 80 million, a new high. DEX activity remained at a high level, indicating that there was no significant decline in chain transaction requirements and internal liquidity, despite a fall in TVL following the Drift gap.

The article also refers to analysts ' accounts that some 600,000 SOLs have recently been transferred to trading platforms. Such flows usually imply an increase in marketable chips and may also reflect the readiness of some holders to adjust their positions.

It's still low.

According to the article, in June, SOL fell to the top of $60 and then went back to the top of $70, but the bulk participation did not significantly increase. CryptoQuant's transaction frequency data do not contain signals of “scattered” or “scattered”.

This means that, despite increased price volatility, individual investors have not yet concentrated. According to the article, this state of affairs at least indicates that the current market has not entered the typical crowded top zone. In the event of subsequent price increases, ecological improvements or new market narratives, there is still room for a return to the diaspora.