The post Solana posts unusual bullish signal even after losing 49% of its market cap appeared com. Solana’s market value has dropped by 49% from its September 17 local high, yet the network’s ecosystem is seeing a distinctive bullish divergence, according to Santiment Feed’s daily active addresses chart. SOL has witnessed a 32% decline in the last 30 days, in a month where the broader cryptocurrency market’s bloodbath has pushed several top ranking coins down to lows that haven’t been touched since the first half of the year. At the time of reporting, Solana was trading at $127. 5 after briefly recovering from a weekly low of $122 by 1. 46%, with a slow but steady recovery in its market capitalization of $71. 34 billion. Despite its price woes and no sign of a positive price recovery, Santiment’s analysis stated that investors are finding their way back to transacting in the blockchain, which could boost its value in the coming weeks. Solana network activity growing after months of dips According to Santiment’s chart shared on X, the number of active addresses measured as a 7-day moving average over the past month rose from 3. 45 million on October 20 to 3. 65 million on November 20, a month-on-month increase of about 200, 000 addresses, or 5. 8%. 📊 Solana’s market value has now fallen -49% from its local top back on September 17th. However, there has been a unique bullish divergence with crypto’s #7 market cap. The amount of interacting addresses are rising, and new OL wallet creation is trending up. 🔖 Follow the. pic. twitter. com/qHajp1dlV8 Santiment (@santimentfeed) November 22, 2025 The first week, from October 20 to 27, saw active addresses surge from 3. 45 million to approximately 3. 60 million, a 4. 3% gain as network activity accelerated late in the month. An early November week of selloffs brought a brief pullback, with addresses dipping to around 3. 52 million on November 2, a 2. 2% downtick.