Solana Investors Double Down: New Long-Term Holders Signal Confidence In 2024 Rally Continuation

Quick Summary:

Solana’s investor base is demonstrating unwavering confidence as the network sees a shift in the profile of its long-term holders.

According to on-chain data from Glassnode, many more Solana addresses are moving into the long-term holder base, which showcases strong conviction from investors who entered the market during the recent 2024 rally.

Particularly, long-term holders’ share of wealth locked in the network is growing, with the 6-12 month cohort now holding 27% of the total supply.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Blockchain SOL Crypto News Network Solana Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-15 @ 22:00:09 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 24422376

View Article Analysis

About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 7 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 13 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions