Solana's Price Relies on Current SOL Holders: Here's the Explanation

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Dec 20 2025

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Source: Yahoo Finance

Current Price Situation: Solana (SOL) is struggling to recover from a recent price decline, remaining below the $130 resistance level, with price action showing consolidation rather than a breakout.
Role of Existing Holders: The next price movement is likely to depend on existing Solana holders rather than new market entrants, as on-chain data indicates a potential stabilization in capital outflows.
Network Participation Decline: There has been a significant drop in new Solana addresses, indicating weaker speculative interest and limited short-term incentives for new investors, which heightens the reliance on current holders for price stability.
Potential Risks and Targets: While declining outflows may improve the chances of a rebound towards $130, downside risks remain, with potential targets of $123 and $118 if selling pressure increases.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.