Solana’s investor base remains resilient, with long-term holders displaying strong conviction in the network’s future.
Data shows that the 6–12 month holding cohort now controls 27% of Solana’s total supply, a testament to the confidence of buyers from the 2024 rally.
#Solana investors are #HODL-ing firm, expecting higher prices.
Long-term holders’ share of wealth locked in the network is growing. The 6-12 month cohort now holds 27% of the supply, showing conviction from 2024 rally buyers.#SOL’s RHODL Waves chart: https://t.co/7AwppTiVm7 pic.twitter.com/8s6NmDNaqL
— glassnode (@glassnode) December 13, 2024
In contrast, the share held by the 1–2 year cohort has declined significantly, dropping from 48% in June to just under 5%. These were investors from the previous bull market, many of whom capitalized on this year’s rally to lock in profits. With these sellers largely out of the picture, Solana’s supply is now…
