Crypto Investors HODLing Solana in Anticipation of Higher SOL Prices, According to Analytics Firm
New data from market analytics firm Glassnode reveals that traders are keeping their Solana (SOL) stacks amid expectations that its price will continue to rise.
In a new thread on the social media platform X, Glassnode says that long-term holders now own a significant supply of SOL, believing that Solana’s bullish phase is far from over.
“Solana investors are HODL-ing (holding on for dear life) firm, expecting higher prices. Long-term holders’ share of wealth locked in the network is growing. The 6-12 month cohort now holds 27% of the supply, showing conviction from 2024 rally buyers.”
But the data analytics firm notes that investors who accumulated SOL toward the end of the 2022 market cycle have…
