• In the past nearly 10 days, over 60 million SOL have changed hands on-chain, reflecting a strong phase of capital speculation and chip reorganization.

• In the range of $17.7–32.45, over 3.5 million SOL have moved: This is the historical bottom chip range before October 2023, where a large amount of low-priced chips accumulated by 'main institutions' or 'market makers' is gradually being distributed.

• In the range of $95–150, over 54 million chips have moved: This portion is mainly from the short-term entry after SOL rebounded from $95 since April this year, and is currently gradually cashing out profits.

• In the range of $210–290, about 2 million chips have changed: These are high-position chips from the end of last year to the beginning of this year, and recent signs of cutting losses have appeared, although they account for a small proportion.

• It is worth noting that the chips that changed hands in the above ranges are almost all concentrated in the $165–185 range, with the range of $165–174 being the most densely accumulated, where over 100 million SOL are staying, forming the main chip pressure zone in the short term.