Solana’s Surge: Veteran Investors Sell, Doubting Market Strength

Solana prices surged 19%, flirting with $230, but historical investors are dumping their positions in a sign of waning confidence. The crypto network’s adoption is slowing as evidenced by declining new addresses, potentially hindering the current bullish momentum for SOL tokens. Despite this short-term rally, veteran investors are selling heavily, suggesting a more cautious outlook on Solana’s future prospects. Read our full analysis to understand the dynamics at play.