US EditionSolana Falls Below $165, But Long-Term Holders Are Accumulating With Confidence
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Solana Falls Below $165, But Long-Term Holders Are Accumulating With Confidence
Solana (SOL) recently dropped below the $165 mark, triggering panic among short-term traders. However, behind the scenes, seasoned investors are showing no signs of fear. Instead of rushing to exit, long-term holders are actively accumulating more SOL, suggesting growing confidence in a longer-term rebound. According to on-chain data from Glassnode, the Hodler Net Position Change […]
Solana's strong run in July – driven by ETF addictions – lost momentum. Without confirmation and after the Fed's decision to suspend interest rate changes, SOL experienced a sales wave. In combination with the decline in Bitcoin, Solana lost over 6.6 % a week and fell below $165.
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