
Solana (SOL) is facing its strongest wave of negative market sentiment in 2026, with bearish commentary reaching the year's highest daily level as trading volume declines to its lowest point, according to blockchain analytics platform Santiment.
The shift in sentiment comes as investors grow increasingly frustrated with SOL’s muted price performance despite ongoing attention around key narratives such as tokenized stocks and real-world asset (RWA) activity. While these themes have supported optimism around Solana’s ecosystem, they have yet to translate into meaningful price gains for traders.
Santiment said the combination of heavy market pessimism and reduced trading activity has created a low-attention, high-FUD environment for SOL. The platform noted that when sentiment becomes overwhelmingly negative and retail participation declines, larger market participants may encounter less selling resistance if they move to support a price recovery.
SOL was trading at $77.85 at the time of reporting, representing a 49.3% decline over the past year.
Source: Santiment