2025-12-31 22:22:39

Solana's performance this year has been a mix of ups and downs. On-chain transaction volume has surged to $1.6 trillion, ranking just behind a leading exchange among mainstream platforms, with impressive growth. However, there are also several issues— the high NVT ratio indicates that the market's valuation is somewhat ahead of the fundamentals, and trading demand still lags behind.

The good news is that long-term holders have recently been increasing their purchases, which could serve as a support level. Regarding the price, SOL is currently hovering around $126, with limited upside potential. Even more painfully, it has fallen about 33% since the beginning of the year, causing many investors to feel uneasy. The future trend will depend on market sentiment and on-chain activity.

SOL-1,03%

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CexIsBad

· 14h ago

Trading volume has surged, but with such a high NVT, it's really hard to hold... I can't see any signals from long-term holders bottoming out; it seems like it needs to drop further before stabilizing.

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MevShadowranger

· 14h ago

Hmm... 1.6 trillion in trading volume looks impressive, but with such a high NVT, who dares to boast? The valuation is wildly inflated. I'm relieved if long-term holders are bottom-fishing; I just worry they might also be cutting losses. SOL dropping 33%... really... my mindset has collapsed. Can you trust the $126 level? Trading volume surges but demand can't keep up; this is a joke. Wait, why are some still optimistic? Can on-chain activity save the day? Forget it, I'll lie back and watch the show. Market sentiment rules.

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wagmi_eventually

· 14h ago

I saw the trading volume surge, but with NVT so high, we really need to be cautious. The valuation seems a bit overinflated. Long-term holders are bottom-fishing, right? Is it a signal to follow? A 33% drop is a bit painful, but I still believe in SOL's resilience.

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RugDocScientist

· 14h ago

The data looks good, but why is the NVT so high? To put it nicely, it indicates a good outlook; to be blunt, it suggests inflated valuation. Wait, long-term holders are bottom-fishing, I must pay attention to this signal.

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CantAffordPancake