Solana Spot Price Drops Below Realized Price for First Time in Three Years
On-chain data indicates that Solana (SOL) has fallen below its Realized Price for the first time in nearly three years, reflecting a bearish trend.
Key Points
- SOL is currently around 8% below its Realized Price, suggesting average holders are experiencing losses.
- The Realized Price serves as an indicator of the cost basis for investors on the network.
- Previous instances of SOL trading below this metric have historically indicated the start of bear markets.
- The last crossover occurred in 2022, leading to a significant price decline.
- As of now, Solana's price is approximately $124, down nearly 9% in the last week.
