<ul><li>On-chain data reveals a large movement of dormant coins on the Solana network, indicated by a spike in Coin Days Destroyed (CDD) indicator.</li><li>CDD measures the resetting of coin days accumulated by dormant tokens, usually signaling transaction activity from long-term holders (LTHs).</li><li>A recent spike in Solana CDD resulted in the destruction of 3.55 billion coin days, indicating significant transactions by LTHs.</li><li>Such movements from LTHs could impact Solana's price, as spikes like these might suggest a shift in holder conviction.</li></ul>

Solana’s Old Hands Are Moving—Is Trouble Brewing?

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