The more I watch SOL here, the less I care about the bounce itself and the more I care about what happens when supply actually meets demand.
Around $76.24, spot SOL ETFs brought in roughly $8.83M, while new activity from Jupiter’s Lend v2 and PancakeSwap’s tokenized stock integration adds another layer to the ecosystem story.
But there’s still a question hanging over the market.
Around 201.7K SOL linked to an Alameda bankruptcy wallet was unstaked, worth about $15.27M at the reported price. Unstaking is not selling, but it creates a potential seller that traders have to account for.
Technicals have improved sharply too. RSI moved from roughly 20 to 66.7 and MACD turned bullish. I like the recovery, but I’m not treating indicators as guarantees.
For me, the key signal is whether SOL can absorb potential distribution without losing its footing.
If buyers keep showing up, this stability becomes more interesting.
If they don’t, the supply overhang could matter quickly.
Sometimes the reaction tells you more than the prediction.
@Solana_Official #solana $SOL
Around $76.24, spot SOL ETFs brought in roughly $8.83M, while new activity from Jupiter’s Lend v2 and PancakeSwap’s tokenized stock integration adds another layer to the ecosystem story.
But there’s still a question hanging over the market.
Around 201.7K SOL linked to an Alameda bankruptcy wallet was unstaked, worth about $15.27M at the reported price. Unstaking is not selling, but it creates a potential seller that traders have to account for.
Technicals have improved sharply too. RSI moved from roughly 20 to 66.7 and MACD turned bullish. I like the recovery, but I’m not treating indicators as guarantees.
For me, the key signal is whether SOL can absorb potential distribution without losing its footing.
If buyers keep showing up, this stability becomes more interesting.
If they don’t, the supply overhang could matter quickly.
Sometimes the reaction tells you more than the prediction.
@Solana_Official #solana $SOL