Solana Support Zone Emerges as 24.5M SOL Accumulate on-Chain

Solana’s price has reached a new record high, surpassing $4,500 and forming a strong support zone with significant accumulation of the cryptocurrency. A cluster of over 24.5 million SOL tokens was accumulated between $189 and $191, according to Glassnode cost basis data, signaling potential for sustained price growth. Analysts believe this accumulation is a result of growing investor confidence and network expansion.