The analytics firm Glassnode has revealed the Solana price levels that could be important to watch, based on on-chain accumulation data.
Solana Cost Basis Distribution Reveals Where Supply Is Most Concentrated
In a new post on X, Glassnode has discussed about the UTXO Realized Price Distribution (URPD) of Solana. The URPD is an indicator that basically tells us about how much of the SOL supply was purchased at which price levels. Naturally, the metric uses the last transaction price of any token in circulation as its cost basis.
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First, here is how the URPD looked when the cryptocurrency set its new all-time high (ATH) back in January:
From the graph, it’s apparent that a few price levels like $144 stood out in terms of
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