Solana active addresses plunge to 2025 lows

In late 2023, Solana (SOL) was in the vanguard of the emerging cryptocurrency bull market, and in April 2025, the token appears to be at the speartip of a dreaded bear market. The most recent volatility has been accompanied by an alarming drop in the number of active SOL addresses, which have, by April 11, hit a 2025 low at approximately 1.67 million, per the data FInbold retrieved from Dune Analytics via The Block’s on-chain metrics. SOL monthly active addresses in 2025 source: https://finbold.com/solana-active-addresses-plunge-to-2025-lows/