According to recent data from research and analysis firm Glassnode, the cryptocurrency Solana (SOL) is under intense market pressure, with 80% of its circulating supply at a loss.
This percentage indicates that a significant portion of crypto holders acquired positions at a price higher than the current value of $126.9.
The Glassnode indicator highlights the challenges of SOL market structure in the face of declining digital assets. Still 56% below the all-time high reached in early 2025.
This action amplifies downward pressure, as falling prices encourage people with deficit positions to sell.
Solana’s price will see significant fluctuations in 2025. Broad market optimism saw the cryptocurrency peak at $295 in January before falling to $95 in April.
It then rose significantly to $253 in September, a 166% gain and attracted new investors. but, This recent surge was followed by a rapid correction, with the price rising to $121 last week..
This uneven distribution of circulating supply means that most positions are initiated at high price levels and could lead to a prolonged consolidation period if strong positive catalysts, such as significant network improvements or increased ecosystem trading volumes, do not emerge.
