Large SOLANA holders actively sell their assets

Large investors on the SOLANA network began to actively withdraw funds, which significantly reduced the price of SOL token. According to analysts, over the past 2 months, holders of significant amounts have reduced their positions by 10 thousand SOLANA. This indicates the redistribution of capital in favor of more stable assets, including the digital coin of Bitcoin.

A decrease in interest in SOL coincided with the fall in the Pump.Fun platform, where the new meme-tokens previously caused excessive demand. Over the past month, the number of daily launches of new digital assets on the platform decreased by 16%. This is emphasized by a decrease in speculative interest in the market.

One of the key reasons was a drop in prices Trump Critical Mem. After many investors bought an asset of $ 60, the cost of Official Trump quickly fell to $ 20, provoking significant losses for numerous traders. This led to a decrease in the trust of retail investors and a decline in activity on the Pump.fun platform.

Against the background of such changes, the attention of bidders again focused on Bitcoin. The dominance of a digital coin in the market continues to grow, reaching 59%. At the same time, altcoins lose their attractiveness, which reflects the overall redistribution of capital in favor of more reliable assets.

SOLANA whales probably decided to use the current moment to fix profit. Many of them accumulated SOL at the end of last year, at the peak of popularity of meme tokens. Now they redistribute funds by choosing more stable assets. According to Matrixport analysts, this trend emphasizes the growing trust in BTC, despite the general decline in interest in altcoin. At the same time, the future of SOLANA remains uncertain, given the decrease in activity and pressure on the part of large market players.

Author

Peter Ivanov