The vitality scale tracks the movement of long-held/inactive tokens by calculating the ratio of destroyed coins' days to the total accumulated days of coins. When it trends upwards, more inactive tokens are being transferred, indicating profit-taking by long-term holders.
Conversely, as with SOL, when the asset's vitality declines, long-term holders move their assets off exchanges and choose to hold them.
This indicates that despite the recent price performance of SOL, long-term holders still have confidence in its medium to long-term prospects. If the accumulation trend continues, it could lead to a near-term recovery.
Moreover, readings from the change in net position of SOL holders confirm reduced selling from these major holders. According to Glassnode, this metric, which measures the change in supply held by long-term holders over 30 days, increased by 64% between August 16 and August 18.$SOL I hope for your support, follow, and share the posts, thank you.