The core issue currently facing $SOL is the persistently high selling pressure, which can be viewed from three aspects:

• On DEX platforms, active dumping behavior has never ceased, and the buying pressure continues to be under strain;

• The 'smart money' in the meme sector is orderly withdrawing, further exacerbating short-term selling pressure;

• More critically, the activity of on-chain meme projects has instead created a 'reverse drag': most meme project teams are significant holders of SOL, and if they judge that the meme market is cooling down and choose to exit, the subsequent selling pressure may further amplify.

The optimal path to alleviate this situation is for the Solana Foundation to promote institutional funds to step in and take over, and to use a locking mechanism to encourage institutions to hold long-term. This move can directly reduce the selling pressure on the circulating supply while creating new incremental demand, providing support for price recovery.

For investors planning to hold $SOL long-term, it is recommended to closely track two major trends: first, the progress of the foundation's institutional collaborations and capital introduction, and second, the changes in holdings of core large holders (especially meme project teams), as these will directly impact the long-term valuation logic. $BTC $ETH #杰克逊霍尔会议 #币安HODLer空投PLUME #加密市场回调