<ul><li>The investor base of Solana is demonstrating confidence as the network sees a shift in the profile of its long-term holders.</li><li>On-chain data suggests that many Solana investors are holding on to their assets despite the recent correction, with the 6-12 month cohort holding 27% of the total supply.</li><li>The decline in the 1-2 year holding cohort indicates that profit-taking from previous bull cycle investors has concluded, leading to the concentration of supply in the hands of new optimistic holders.</li><li>This shift in sentiment and concentration of supply may support a price rally for Solana in the near future, with technical analyses pointing towards potential price increases.</li></ul>

Solana Investors Double Down: New Long-Term Holders Signal Confidence In 2024 Rally Continuation

Discover more