Solana News: Key Factors for Long-Term Holders Amid Market Uncertainty

As Solana’s long-term holders experience a phase of fear amidst market uncertainty, here are some key factors they should consider in the short term.

‘Fearful’ Solana LTHs should count on these factors in the short term!

Long-term Solana holders are showing signs of fear, but these are the moments when smart money steps in. SOL hit a new ATH in network adoption, with 11.09 million addresses now holding the token. The NUPL rose to 0.6 in late January, marking belief levels of market confidence. However, it then fell to 0.3 in mid-February, triggering an optimism-anxiety phase of fear among holders due to uncertainty.

Solana Long-Term Holders In Fear — Time To Buy The Dip?

The price of Solana (SOL) has been underwhelming over the past week, mirroring the worsening climate of the altcoin market. The launch of SOL futures exchange-traded funds (ETFs) did little to boost the altcoin’s price. Following the severe price downturn, investors are wondering when to buy the dip. A prominent crypto analyst suggested that it might be time for investors to get back into the SOL market, as long-term SOL holders are now in fear, indicated by the “Long-Term Holder Net Unrealized Profit/Loss (NUPL)” metric.

Solana Network Activity Rises, But Price and TVL Lag

Solana [SOL] has seen a significant increase in network activity, with the number of addresses holding at least 0.1 SOL surging past 11.1M, its highest level in months. This reflects growing user adoption, which has been climbing steadily since late December 2024. However, despite this rise in network activity, Solana’s Total Value Locked (TVL) has dropped from $11.7 billion to $6.2 billion since January. The decoupling of network growth and price action raises questions about whether the market is underpricing Solana’s fundamentals.

Solana – Will DePIN resurgence boost SOL amid memecoin cool-off?

Solana’s DePIN (decentralized physical infrastructure network) rebounded in February, with key projects like Hivemapper and Helium Mobile gaining significant traction. Helium Mobile users increased ninefold to 145,000, marking the highest growth in a year. Additionally, Hivemapper tripled its demand due to new mapping devices (MapBox). Helium, Hivemapper, and Render collectively maintained steady revenues of approximately $350,000, indicating that the Solana-based DePIN sector is showing resilience.