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Solana Investors Show Strong Conviction with Increase in Long-Term Holders During 2024 Rally

  • Solana (SOL) has seen a shift in its long-term holders as old investors have liquidated their positions.
  • Data shows a significant decrease in holdings of investors who held the asset for 1-2 years.
  • Medium-term holders, who have held the asset between 6-12 months, have increased their holdings.
  • Analyst Chris Burniske predicts a bearish scenario due to an upcoming token unlock event.

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