The crypto Solana rises to 230 $, but its faithful sell massively
11:20 ▪ 3 min read
Solana jumps 19 % and approaches 230 $. However, historical investors are liquidating their positions. The crypto network, for its part, attracts less and less. Is it a simple technical rebound or a fragile peak? Complete analysis here.
In summary
Historical investors of Solana are selling massively, evidencing a lasting loss of confidence.
The decline of new addresses slows down adoption, thus weakening the current bullish dynamics of the SOL token.
Solana rises, but strong hands let go
The crypto Solana (SOL) records a weekly increase of 19 %. It even temporarily surpassed the threshold of 230 $. This bullish movement reactivates market attention on an asset that is always closely monitored by traders.
However, a fundamental indicator clouds this picture. We refer to long-term holders (LTH) who show clear signs of distrust. Their sales reach, in fact, a peak of seven months. This suggests a coordinated profit-taking strategy, against the current momentum.
This behavior indicates a lack of conviction in the continuation of the crypto rally. The low of mid-September seems to have left a lasting mark on minds. Faced with a rebound perceived as fragile, some prefer to secure their profits this way. This intensifies selling pressure. Such dynamics weaken the bullish momentum, especially if the trend amplifies in the coming days.
