According to PANews, recent data from Glassnode reveals that investors holding Solana (SOL) tokens for a period of six to twelve months currently possess 27% of the total supply. This significant share indicates a strong confidence among buyers anticipating a rebound in 2024.
The data highlights the growing trust and optimism within the Solana community, as these mid-term holders maintain a substantial portion of the cryptocurrency's supply. This trend suggests that investors are positioning themselves for potential gains in the upcoming year, reflecting a positive outlook on Solana's future performance.
As the cryptocurrency market continues to evolve, the behavior of Solana holders provides insights into broader market sentiments. The willingness of these investors to hold onto their assets for an extended period underscores their belief in Solana's long-term potential and resilience. This development is noteworthy as it may influence market dynamics and investor strategies moving forward.