On-chain signals are once again sending new messages — recently, long-term holders in the Solana ecosystem have started to act collectively.

There's an interesting phenomenon. Quantitative analysts have observed that large sell orders for SOL have significantly decreased, while mid- to long-term funds ranging from a few thousand to hundreds of thousands of dollars are steadily entering the market. In other words — those who were driven to anxiety by the rollercoaster ride are temporarily holding back, while long-time holders with substantial positions are gradually adding to their holdings.

Looking at on-chain tools, the net inflow indicator for whale addresses of SOL over the past 30 days has already reached its highest point of the year, and the locking of RAY and SRM within the ecosystem is also clearly warming up. Behind this market accumulation, there may be two expectations: first, that ecosystem expansion and upgrades are about to be implemented; second, that a batch of new GameFi projects will soon be launched simultaneously.

But to be honest, it's still wise to be cautious when claiming "bottoming out successfully" now. In a bear market, any rebound could be quickly pushed back by institutions, and Solana has already played several "false breakout" tricks this year. Compared to past signals of accumulation, do you think there's any fundamental difference this time? Let's discuss in the comments.