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Crypto King Mazhar

01/26 09:50

$40 Million SOL Outflow With this strong develop

$40 Million SOL Outflow

With this strong development and record adoption, long-term holders have been accumulating the token, as reported by the on-chain analytics firm Coinglass. Data from spot inflow/outflow revealed that exchanges have witnessed a significant outflow of SOL worth $40.60 million in the past 24 hours.

This substantial outflow from the exchanges indicates the potential accumulation by long-term holders and could create buying pressure, leading to further upside momentum.

SOL is currently trading near $258 and has experienced a modest price decline of 0.50% in the past 24 hours. During the same period, its trading volume dropped by 32%, indicating lower participation from traders compared to the previous day.image-312-768x218.png

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