Solana Investors Reap Nearly $1 Billion in Profits as Price Breaks $210

Recent data reveals that investors holding Solana cryptocurrency have reaped nearly $1 billion in profits as the price of the asset surged above $210, highlighting a surge in selling activity. According to analyst Ali, this profit-taking trend has been observed across several phases and is tied to heightened trading pressure at resistance levels. Analysis shows high realized profits spiked following Solana’s recent break above $210, coinciding with the asset testing resistance levels near $200-$210. The spike in realized profits followed a period of sustained gains between December 2024 and January 2025, during which realized profits peaked at $2.6 billion. However, prices have since declined to the $120-$140 range, indicating reduced selling pressure and decreased realized profits. Overall, trading activity around Solana’s key price levels reveals a recurring pattern of both accumulation and distribution as investors capitalize on price movements.