Solana Soars Over 300% This Year But Rally Shows Signs of Slowing After 15% Drop From 14-Month High

Solana price rallied over 300% this year after crashing in 2022, but recently dropped 15% from its 14-month high of $46.
BitMex co-founder Arthur Hayes said he's been buying Solana during the rush higher.
Institutional inflows to Solana funds and rising developer activity supported the uptrend.
Signs like liquidations and wallet transfers suggest the rally may halt as FTX sells holdings.
Solana TVL and November seasonality present headwinds, though ecosystem is showing signs of rejuvenation.