Solana News Today: Solana Long-Term Holders Accumulate 102% More Tokens Amid 12.38% Price Drop

Solana long-term holders have significantly increased their token accumulation amid recent price declines, signaling potential signs of a local market bottom. On-chain data from Glassnode shows a 102% rise in the Hodler Net Position Change since late July, indicating strong confidence among strategic investors despite the recent one-week price drop of 12.38%, which brought the token to a local low near $159 [1]. This accumulation activity contrasts with intensified bearish pressure from short-term traders and large whale sell-offs, suggesting a possible shift in market sentiment [2].

The Realized Profit/Loss Ratio for SOL has dropped to 0.15, the lowest in 30 days, indicating that most recent sellers exited at a loss. This is often seen as a capitulation point near the bottom of a market cycle, suggesting that selling pressure may be nearing its peak and a stabilization phase could follow [1]. Additionally, technical indicators like the Relative Strength Index (RSI) and On-Balance Volume (OBV) are showing signs of waning downward momentum. The RSI is currently at 41.65, approaching oversold territory, while the OBV has flattened, signaling reduced selling volume and potential buyer entry [3].

These developments suggest that while a definitive price reversal has not yet been confirmed, the market may be entering a phase of consolidation. Solana’s price has struggled to break above the $165 level, but the weakening of bearish momentum hints at a potential rebound in the near term [3]. Analysts are closely watching whether the current accumulation trend by long-term holders continues or if further bearish pressure emerges, particularly in light of broader market events such as Arthur Hayes’ $13.35 million sell-off of ETH, ENA, and PEPE tokens [4].

The broader cryptocurrency market remains under pressure, with Bitcoin holding its support level above $114,000 while analysts monitor potential moves toward $148,000–$189,000 [3]. In this environment, Solana’s ability to retain and grow its base of long-term holders is a positive development for its market resilience. If this trend persists, it could indicate that institutional or strategic investors are seeing value in the network, potentially supporting a local bottom and setting the stage for a rebound [1].

However, until the price demonstrates a clear reversal and key resistance levels are tested and held, the market remains cautious. Broader macroeconomic factors and developments within the crypto sector—such as regulatory updates and product launches like the recently registered Solana Staking ETF—will likely influence market behavior in the coming weeks [5]. For now, the focus remains on whether the current dip represents a buying opportunity for long-term investors or the start of a deeper correction.

Source:

[1] Mitrade, [https://www.mitrade.com/insights/news/live-news/article-3-1007844-20250803](https://www.mitrade.com/insights/news/live-news/article-3-1007844-20250803)

[2] AInvest, [https://www.ainvest.com/news/solana-news-today-solana-plunges-12-38-whale-sell-offs-intensify-bearish-momentum-2508/](https://www.ainvest.com/news/solana-news-today-solana-plunges-12-38-whale-sell-offs-intensify-bearish-momentum-2508/)

[3] FXLeaders, [https://www.fxleaders.com/news/2025/08/04/bitcoin-maintains-114k-support-analysts-eye-148k-189k-upside-targets/](https://www.fxleaders.com/news/2025/08/04/bitcoin-maintains-114k-support-analysts-eye-148k-189k-upside-targets/)

[4] Brave New Coin, [https://bravenewcoin.com/insights/pepe-pepe-price-prediction-pepe-finds-support-at-0-000010-is-this-the-launchpad-for-a-new-rally-for-pepe-coin-holders](https://bravenewcoin.com/insights/pepe-pepe-price-prediction-pepe-finds-support-at-0-000010-is-this-the-launchpad-for-a-new-rally-for-pepe-coin-holders)

[5] Coinpedia, [https://coinpedia.org/crypto-live-news/](https://coinpedia.org/crypto-live-news/)