Solana's Supply-in-Profit Snapshot 🔺

Just checked the latest metrics on Solana's circulating supply—and the picture's pretty interesting right now. The percentage of SOL holdings currently trading above acquisition cost reveals some telling sentiment shifts in the ecosystem.

When you've got a significant chunk of the supply sitting in green, it typically signals solid conviction among holders. They're not panic-selling at losses. Conversely, if this ratio tightens, you might see increased sell pressure building.

What makes this worth watching: it's a real-time gauge of whether the network's active participants believe in the current price levels. Not just noise, but actual on-chain holder behavior.

The broader context matters too—this metric often correlates with network health, community morale, and whether we're seeing genuine accumulation or just trapped positions waiting for bounces.