Solana’s Price Drama: Long-Term Holders Flee Like It’s a Bad Date!

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So, here we are: Solana’s price is under more pressure than a vegan at a BBQ, and it’s been tumbling down for three whole weeks. Investors? Not so much!

At the moment, SOL is teetering around $80, which is like the crypto equivalent of trying to sell ice to an Eskimo-nobody wants it! And guess what? Our long-term holders are starting to look a little less convinced about their life choices.

Solana Profitable Supply Takes a Nose Dive

According to the buzz in the blockchain world, Solana’s supply that’s actually making money has plummeted to a shocking 15%-the lowest since November 2022. That’s right, folks, most holders are now underwater, and you know what that means: they’re not exactly itching to sell their digital gold.

In the past, such miserable profits have led to some stabilization-like when a cat finally decides to sit on your lap after 20 minutes of contemplating life. But hey, this time, the market is so weak it’s practically doing yoga on the floor, and our long-term holders are just not feeling it.

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Now, let’s chat about Liveliness-no, it’s not a new dance craze. It measures how active our long-term holders are. Recently, it spiked, which basically means these holders are moving tokens out of their cozy, dormant wallets. Are they distributing? Yes! Are they accumulating? Not so much. It’s like a yard sale over here, but nobody’s buying.

When our long-term holders start selling, it’s like watching a bad rom-com where the couple breaks up and the drama just keeps escalating. Their usual high conviction is fading faster than your will to live during a boring meeting. A rising Liveliness suggests confidence is leaking out like air from a balloon, and that can only mean more bearish vibes.

Why Are Our Long-Term Holders Bailing?

Well, it looks like signs of panic started showing up toward the end of January. The long-term holder Net Unrealized Profit and Loss (NUPL) took a dive below zero. Yup, they’re officially in the red-capitulation mode activated! This means they’ve joined the club of aggregate losses.

The last time we saw this dramatic a turn was back in May 2022. Spoiler alert: it didn’t end well! Capitulation usually leads to mass selling before a teeny tiny stabilization. But remember, this isn’t just a tactical retreat; it’s more psychological exhaustion than anything else. Think of it like binge-watching a show that starts off great but ends up being a dumpster fire.

Our long-term holders capitulated on January 24, but the spike in Liveliness? That showed up fashionably late about a week later. It’s like they were waiting for a rebound that never came-so, they sold. If they keep this up, recovery could be as likely as finding a needle in a haystack.

Continued Downtrend for SOL Price

So, here’s the scoop: Solana’s price is still hanging around $80, trapped in a downward spiral that started three weeks ago. It’s barely holding onto the $79 support level, which is about as sturdy as a house of cards in a windstorm.

If our long-term holders keep selling while the downtrend persists, SOL might just slide under $79. If it breaks through that, we could be looking at a sad trip to $70-a major technical support zone, if you can believe it.

On the bright side, if long-term holder selling takes a breather, things could change. If SOL manages to break through that pesky descending trendline and clears $88 resistance, we might witness a recovery faster than you can say “bull market.” A leap towards $95 would totally invalidate the bearish vibes and signal the return of sunny days for Solana!

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2026-02-12 14:57