January 26 News, despite the noticeable rebound in memecoin trading within the Solana ecosystem, the SOL price has not strengthened accordingly and has instead continued to come under pressure and decline. Currently, SOL is trading around $122, down more than 3% in the past 24 hours, with a weekly decline of nearly 9%, indicating that the momentum from the early January rebound has significantly weakened. On-chain and derivatives data show that the market is not lacking in activity. SOL's 24-hour trading volume has surged significantly to approximately $6.4 billion, several times higher than before. Futures trading volume has also increased rapidly, but open interest has slightly decreased. This "volume up, open interest down" structure usually indicates that funds are engaging in high-frequency trading rather than establishing new medium- to long-term positions, highlighting a short-term trading focus.