Solana's price has risen by about 4.2% today, but the overall trend remains weak. The token has fallen nearly 22% in the past month, and the latest on-chain data shows that long-term holders did not support this rebound.
The group holding Solana for 1-2 years has been reducing their holdings this month. HODL Waves tracks the amount of coins held by holders of different ages, helping to identify which holders are increasing or decreasing their positions. On October 20, the group holding Solana for 1-2 years held 19.28% of the tokens. By November 19, this figure had decreased to 17.24%.
For groups that usually remain stable during price adjustments, this is a significant decline. This indicates that long-term holders do not believe that the recent 4.2% rebound is a true trend reversal. Their reduction in holdings also occurred after a month of continued weakness in Solana's price, which helps explain why they have not started to increase their holdings again.
This behavior directly challenges the expectations of a price reversal for Solana. If long-term holders believe that the rebound indicates a true trend change, their holdings should stabilize or increase rather than decrease. Their cautious attitude is clearly related to the technical pressures currently facing Solana. The rebound only has true strength if SOL's closing price is above $143 for the day. Otherwise, the claim of a reversal remains weak, and long-term holders may continue to exercise caution. (BeinCrypto)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Standard Chartered Sees Solana Shifting Beyond Memecoins Toward Payments
_Standard Chartered set SOL $250 target for 2026 and $2,000 forecast for 2030._
_Solana stablecoin turnover is 2–3x higher than Ethereum, per report data._
_Bank links Solana growth to low fees and shifts toward payment use cases._
Standard Chartered has revised its Solana outlook as
LiveBTCNews16h ago
Phantom Wallet crashes big time! During the airdrop period, token prices went haywire and balances were reset to zero—users blasted it for “making them pay up.”
Phantom, a wallet in the Solana ecosystem, experienced a service outage during the airdrop, causing abnormal token prices and account balances to be displayed, which affected user transactions. Some users suffered losses as a result and demanded compensation. Security experts warned of the risk of phishing attacks and advised users to verify on-chain data. Although the issue has been fixed, the trust crisis still needs to be monitored. This incident highlights the challenges of self-custody wallets in terms of system stability and the user experience.
区块客18h ago
The U.S. spot SOL ETF had a net inflow of $11.4530 million yesterday
On April 10, the U.S. SOL spot ETF recorded a net inflow of $11.4530 million in a single day. The Bitwise Solana Staking ETF (BSOL) contributed all of the inflow, bringing the historical total net inflow to $789.00 million. The current net asset value (NAV) of the SOL spot ETF’s total assets is $828.00 million, and the historical cumulative net inflow is $975.00 million.
GateNews19h ago
Alchemy Launches $20M Fund To Accelerate Solana Innovation
The race to dominate Web3 infrastructure continues to intensify, and Alchemy just made a bold move. The company launched a $20 million initiative aimed at accelerating innovation within the Solana ecosystem. This step signals a deeper commitment to empowering developers who want to build fast,
Coinfomania04-11 00:10
Circle minted a total of 10.5 billion USDC on Solana over the past month
Gate News update, on April 10, Circle added another 250 million newly minted USDC today. Data shows that over the past month, Circle has cumulatively minted 10.5 billion USDC on Solana.
GateNews04-10 15:51
