Solana’s Silent Sellers: Is a Price Drop Imminent?
Note: This post may contain affiliate links, and we may earn a commission (with No additional cost for you) if you make a purchase via our link. See our disclosure for more info. The crypto world is constantly changing. This content is for informational purposes only and not financial, legal, or professional advice So, please verify the info on the cryptocurrency provider’s websites.
Recent on-chain data reveals a significant spike in Solana's Coin Days Destroyed (CDD) metric, indicating substantial movement of long-dormant coins. This activity, tracked by Glassnode, suggests that long-term holders (LTHs), known for their steadfast conviction, are finally transacting. A ‘coin day' represents one coin held for a single day; when moved, these ‘days' are ‘destroyed,' and a surge in CDD signifies a large volume of coins changing hands after extended inactivity. The recent spike involved a massive 3.55 billion coin days, rivaled only by two larger spikes earlier in 2025. This behavior raises concerns as LTHs typically only break their holding patterns to sell, potentially signaling a bearish trend. The fact that this significant CDD spike follows previous large spikes in February and March further strengthens this concern. While it remains uncertain whether this latest spike will be followed by others, the sheer volume and the historical context paint a picture of declining conviction among some long-term holders. The current price of Solana sits around $153.9, reflecting a more than 10% drop over the past week, adding weight to this analysis. The situation warrants close monitoring as it could indicate a potential shift in market sentiment and price movement. The interplay of on-chain data and price action provides valuable insight into the current state of the Solana ecosystem and the potential for future price fluctuations.
(Source: https://www.newsbtc.com/news/solana/solana-old-hands-moving-is-trouble-brewing/)
