Solana Holders Refuse to Sell but What Does It Mean for $SOL Price?

Despite weak market conditions, Solana has stayed strong.

No mass sell-offs. No panic.

Just quiet conviction.

Let’s break down what’s really happening with $SOL and what could come next ↓

1. June has been rough.

SOL’s been rejected at resistance levels multiple times.

While other alts saw breakdowns, $SOL held the line.
Current price? $146, just above the critical $144 support.

But it’s not price alone that matters. It’s what’s happening behind the scenes.

2. Solana holders are not selling.

Glassnode data shows exchange net positions are net positive.

Translation:
More $SOL is leaving exchanges than entering people are holding, not dumping.

In 3 months, there’s only been one week of net selling. 👀

That’s quiet accumulation.

3. This isn’t hopium it’s a shift in investor mindset.

The old crowd would’ve sold on weakness.
But now?

They’re holding through chop even when BTC dominance is rising.

It’s a sign of strong hands betting on long-term value.

4.The NVT Ratio is dropping.

This metric = Network Value / Transaction Volume.
When it drops, it means the chain is fairly valued or even undervalued.

Solana’s NVT ratio is trending down showing network activity is picking up relative to price.

That’s bullish for future price action.

5. What’s next for $SOL price?

🟢 If $144 holds, $SOL could push toward:
• $152 (first resistance)
• $161 (next major zone)

🔴 But if $144 breaks, $136 could be tested invalidating the short-term bullish structure.

This zone is make or break in the short term.

6. TL;DR Why this matters:

• Long-term holders are quietly accumulating.
• Network fundamentals (NVT) support a bounce.
• Key support is holding, and resistance is in sight.

✍️ Conclusion:

$SOL may not be flying right now. But the silence is not weakness it’s preparation.

Smart money is rotating in slowly.
Retail isn’t watching. Yet.

You don’t always need a pump to signal strength sometimes, it’s the lack of panic that tells the real story.

Solana is holding. Are you?