Solana’s Onchain Data Signals Bullish Rebound Despite Drop Below $130
Despite Solana dropping below $130, onchain data shows strong bullish signals, including whale accumulation and reduced exchange supply.Summary
Solana (SOL) price recently dipped below $130, but onchain metrics suggest a strong recovery is likely. Whale addresses holding 1,000 to 10,000 SOL have significantly increased their holdings since late November 2025, and addresses with over 100,000 tokens now hold 64% of the total supply, indicating confidence. Furthermore, the Hodler net position change is at a 15-month high, showing long-term holders are accumulating, similar to the period before a 95% rally in late 2024. Sell pressure is decreasing as the SOL supply on exchanges has fallen to two-year lows, dropping by 5 million tokens to just over 26 million by January 14. Network activity is also robust, with daily active addresses increasing 51% to over 5 million, and daily transactions climbing 20% to 78 million. This increased utility is further supported by Solana's stablecoin supply skyrocketing over 15% to an all-time high of $15 billion, signaling new liquidity entering the network.
(Source：Cointelegraph)