- The amount staked in the last month has increased from $100 to nearly $200 million.
- Spot traders have accumulated nearly $1 billion in SOL despite the slowdown on the markets.
This past week was difficult. Solana [SOL] Holders as the asset declined 10.95% with buyers overshadowing sellers.
Recent activities, however, suggest that SOL may be about to turn bullish. As of press time, SOL’s 24-hour rise was only 0.01% despite the fact that on-chain metrics showed that bullish sentiment was growing.
SOL spikes for three consecutive months
Nansen reported that SOL bets have risen from $7.7 to $62.3 over the last three months.
In order to secure the blockchain network, traders must deposit assets at validators. They will earn an annual percentage yield (APY) in exchange.
Source: Nansen
SOL is a good example of a situation where staking increases are significant, but yields remain at low levels of 11.71 %.
This is a sign of a bullish sentiment in the market, since traders are using staking to hold for a longer period and earn money.
As traders increased their SOL, the buying of SOL also increased.
The buying and selling activity is on the rise
Coinglass reports that the number of SOLs purchased has increased in the last three weeks.
In this time period, SOL worth $674.75 millions was bought on the market by private individuals and then transferred to their wallets.
Traders take advantage of price drops to buy SOL for lower prices.
Coinglass
Artemis’ data shows that the daily number of active addresses has also increased in the last three days, from 4.4 to 5.8 millions.
A sudden increase in purchasing is often followed by gradual gains. This suggests the sellers have been outpaced and that a rally may be in store.
As liquidity increases, the price of cash will also rise.
Recent days have seen an increase in the TVL, which determines how much SOL is moved to various Solana protocol.
TVL’s rise has a positive impact on price. A decline in TVL, however, can have a negative effect.
Click Here to Read Solana’s [SOL] Price Prediction 2025–2026
DeFiLlama has reported an increase from the level of $9.705 Billion on the 3rd February, to $10.22 Billion at the time of press. SOL is likely to follow soon.
The market is generally bullish and SOL’s price could rise significantly in the coming trading session.
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Source: ambcrypto.com
