Data from Santiment reveals a growing disconnect in Solana’s on-chain metrics: social media sentiment has climbed sharply, yet network activity has fallen to multi-month lows. The Positive/Negative Sentiment indicator, which compares bullish and bearish mentions using machine learning, currently sits at 3.2 — meaning over three positive posts for every negative one. This marks a strong recovery from February’s price-crash lows, with April accelerating the trend. Santiment noted a “growing narrative that the asset is primed for a breakout after trailing Bitcoin and other large caps.”
In contrast, Daily Active Addresses have plunged. After peaking at 5.01 million in February amid volatile price action, the metric sank to just 2.89 million in the past week — a 4-month low. The decline reflects waning user participation as the broader market consolidated. With sentiment divorced from actual usage, analysts caution that the crowd’s bullish expectations may not be immediately realized. SOL traded around $89, up over 5% in the last 24 hours at press time.
