SOL has been stuck around $119 for almost two days; bulls and bears are both holding their positions.
Keep track of three things.
Price: $119.35. The 24-hour range is $117.46 to $121.58—basically unchanged. Over 7 days: +1%, over 30 days: +11%. It already went through a round of gains and is now taking a breather.
There’s activity on-chain. In the past 6 hours, a whale withdrew 134,628 SOL from Binance, worth about $32.4 million. Also, an address moved 44,950 SOL to Binance, worth about $10.5 million. Some withdraw while others deposit—some are accumulating, others are preparing ammunition.
Institutions and ETFs are buying. DeFi Development Corp added 47,706 SOL; its company holdings have just passed 2.5 million SOL. Solana spot ETFs have cumulatively attracted 4.37 million SOL.
Market cap is $70B, ranking seventh. The Alpenglow upgrade is still on the way, and Q4 should see it land.
With things this stuck, it’s a bit like waiting for the starting gun.
Keep track of three things.
Price: $119.35. The 24-hour range is $117.46 to $121.58—basically unchanged. Over 7 days: +1%, over 30 days: +11%. It already went through a round of gains and is now taking a breather.
There’s activity on-chain. In the past 6 hours, a whale withdrew 134,628 SOL from Binance, worth about $32.4 million. Also, an address moved 44,950 SOL to Binance, worth about $10.5 million. Some withdraw while others deposit—some are accumulating, others are preparing ammunition.
Institutions and ETFs are buying. DeFi Development Corp added 47,706 SOL; its company holdings have just passed 2.5 million SOL. Solana spot ETFs have cumulatively attracted 4.37 million SOL.
Market cap is $70B, ranking seventh. The Alpenglow upgrade is still on the way, and Q4 should see it land.
With things this stuck, it’s a bit like waiting for the starting gun.
