Solana – Will DePIN resurgence boost SOL amid memecoin cool-off?

In February, Solana’s DePIN network expanded notably, with Helium’s user base increasing to 145,000, a remarkable 9-fold rise, indicating growing interest and engagement.

Despite this growth, SOL’s value remains heavily influenced by the memecoin market, highlighted by an earlier drop in price from 295 USD to 130 USD amid fluctuating DEX volumes.