Solana New Holders Drop 2.3 Million as Price Remains Range-Bound

New Solana addresses have fallen by about 2.3 million, a 23% decline to 7.62 million over the past four days, reflecting weaker onboarding momentum. The token has traded sideways recently, sitting near $86 and oscillating between $78 support and $89 resistance.

Exchange flows show roughly 1.4 million SOL—about $117 million—moved to trading platforms in the last 48 hours, increasing available supply and indicating short-term holders may be preparing to sell. Reduced new-address growth alongside rising exchange inflows points to limited buyer confidence and subdued accumulation.

That mix keeps downside risk intact: a failure to hold $78 could push SOL toward $67 and extend the bearish structure. If selling eases and inflows diminish, SOL could challenge $89, with a breakout above that level possibly targeting $97 and, if sustained, $105.

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