"Solana Forms Support at $129...5% of Supply Concentrated"

Son Min

Summary

It was reported that "Solana (SOL) has formed a support line at $129."
It was stated that "32 million SOL, which is 5% of the total supply, was purchased at this price level."
It was reported that "Solana is trading at $132 on the Binance USDT market, down 1.02%."

An analysis has emerged that buying pressure on Solana (SOL) has formed a support line at $129.

On the 15th (local time), Glassnode stated via X that "according to the UTXO Realized Price Distribution (URPD) indicator, Solana has formed a support line at $129.79," and "32 million SOL (5% of the total supply) was purchased at this price level."

As of 8:54 PM, Solana is trading at $132 on the Binance USDT market, down 1.02% from 24 hours ago.

SOL

Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit

"Solana Forms Support at $129...5% of Supply Concentrated"

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