Solana fell to around $79.50 in May, marking its eighth consecutive monthly loss — the longest losing streak in the network's history. Primary reason: Weak market sentiment and declining network activity, with active users dropping from about 3 million to 1.9 million and derivatives open interest falling from roughly $3 billion to $2.1 billion. Secondary reasons: Lower DEX trading activity and continued selling pressure despite traders maintaining bullish positions through positive funding rates. Near-term outlook: Analysts view the $50-$80 range as a potential long-term accumulation zone. Holding above $68 could support a recovery toward $83-$87, while a break below may signal further downside. Key takeaway: Despite price weakness, Solana led all blockchains in application revenue during May, suggesting network fundamentals remain stronger than token performance. If historical patterns repeat, the current drawdown could eventually set the stage for a larger recovery cycle.