Solana Drops Below $130 as Onchain Metrics Show Continued Accumulation

Solana (SOL) slipped below $130 for the first time since Jan. 2 as onchain data indicated a strong recovery could be possible for the top-10 altcoin. Glassnode data cited in the article shows whale addresses holding between 1,000 and 10,000 tokens have increased sharply since late November 2025 and now hold about 48 million SOL, roughly 9% of circulating supply.

Addresses with at least 100,000 tokens hold 362 million SOL, up from 347 million on Nov. 17, 2025, or about 64% of the total supply. Long-term holder net position change turned positive in the final week of December 2025 and rose to a 15-month high of 3.85 million SOL on Sunday; the last comparable accumulation was in October 2024, which the piece notes preceded a 95% price rally.

Exchange reserves have fallen by about 5 million to 26,058,693 SOL on Jan. 14, levels last seen on Jan. 12, 2023, a decline the article says suggests reduced sell pressure. Network activity also showed signs of recovery: Nansen data cited a 51% week-on-week increase in daily active addresses to a six-month high above 5 million, and a 20% rise in daily average transactions to 78 million.

Key Topics

Crypto, Solana, Onchain Metrics, Whales, Exchange Reserves, Stablecoin Supply