Solana Traders Panic as SOL Drops Below $165. But That’s Not All.
Blockchain Data Shows Wave of Long-Term Accumulation Despite SOL Price Drop.
Long-term holders are doubling down on Solana despite the recent price drop. Data suggests that SOL may be near a local low.
Solana [SOL] may be losing ground on the charts, but long-term holders clearly haven’t figured it out. Instead of panic selling, they’ve been confidently accumulating coins.
And with most recent sellers taking their losses, the worst may be over.
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