Tuesday, July 1, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Solana Sees Another Large Spike In Coin Days Destroyed, Could A Price Shift Be Next? | Bitcoinist.com

5 June 2025
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on Twitter


Trusted Editorial content material, reviewed by main business specialists and seasoned editors. Advert Disclosure

The rising bearish market efficiency seems to have closely impacted Solana’s worth motion, inflicting the altcoin to withstand key help ranges after a interval of bullish actions. Given the prevailing waning worth efficiency, indications of profit-taking are beginning to emerge as SOL witnesses a serious surge in Coin Days Destroyed.

Cash Days Destroyed Explodes On Solana

Solana’s present bearish pattern has triggered a notable shift in its on-chain dynamics. Following this weakening interval is the latest huge spike in Coin Days Destroyed as reported by Glassnode, a number one monetary and on-chain knowledge platform, in a publish on X.

The Coin Days Destroyed (CDD) is a key metric that measures the motion of cash by weighting transactions primarily based on how lengthy these belongings have been held. Thus, such an enormous uptick within the metric alerts a major motion of long-held cash.

Moreover, the event factors to a doable profit-taking from long-dormant wallets or a strategic realignment by seasoned traders. Ought to this pattern persist, it’s prone to have implications for Solana’s worth trajectory.

Solana
SOL’s surge in Coin Days Destroyed | Supply: Glassnode on X

In response to the on-chain platform, the coin days destroyed for Solana year-to-date (YTD) reached roughly 3.55 billion SOL on Tuesday, marking its third-largest spike because the starting of this yr. 

In prior spikes, the coin days destroyed elevated sharply to five.53 billion SOL on February 26, which at the moment stands as the largest thus far this yr. In the meantime, the second-largest surge in coin days destroyed was recorded on March 3, reaching about 4.64 billion SOL. Glassnode famous that these persistently giant spikes are hinting at a shift in holders’ conviction because the SOL worth struggles to regain upward momentum.

With earlier huge spikes previous heightened volatility, SOL’s waning worth could also be prolonged within the upcoming weeks. A continuation of the continued unstable interval is prone to set off distribution amongst these wallets, pushed by decreased quantity and technical flashes of imply oversold setups.

SOL’s Community Fundamentals Exhibiting Power

Regardless of the substantial upticks within the coin days destroyed, the Solana community exercise stays sturdy. The Solana Submit, an informative platform on X, disclosed that the community is flexing its energy, persistently surpassing all different chains within the variety of lively addresses and transactions processed in a single day.

Information from the platform reveals that the every day lively pockets addresses on the community have elevated to 7 million, whereas the every day transaction depend exceeds 100 million. This notable efficiency could possibly be attributed to the community’s low transaction prices and quick throughput, which preserve attracting customers and builders. SOL’s heightened person engagement, surpassing that of all different main chains, highlights its rising dominance in blockchain exercise, cementing its place as a number one community.

Solana
SOL buying and selling at $152 on the 1D chart | Supply: SOLUSDT on Tradingview.com

Featured picture from Adobe Inventory, chart from Tradingview.com

Editorial Course of for bitcoinist is centered on delivering totally researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent overview by our group of prime expertise specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.



Source link

Tags: Bitcoinist.comCoinDaysDestroyedLargePriceSeesShiftSolanaSpike
Previous Post

Crypto Trader James Wynn Loses $25M Betting Big on Bitcoin

Next Post

Rented Power, Real Profit: One Miner’s $330K Bitcoin Win

Related Posts

Ethereum Price Readies for Takeoff — Bulls Eye Fresh Highs
Bitcoin

Ethereum Price Readies for Takeoff — Bulls Eye Fresh Highs

1 July 2025
Robinhood Announces New Layer 2 Blockchain – News Bytes Bitcoin News
Bitcoin

Robinhood Announces New Layer 2 Blockchain – News Bytes Bitcoin News

1 July 2025
Dogecoin Positioning For A Run To New Thresholds As Key Chart Pattern Takes Shape | Bitcoinist.com
Bitcoin

Dogecoin Positioning For A Run To New Thresholds As Key Chart Pattern Takes Shape | Bitcoinist.com

30 June 2025
Kazakhstan Moves To Create A National Crypto Reserve With Seized Digital Assets
Bitcoin

Kazakhstan Moves To Create A National Crypto Reserve With Seized Digital Assets

30 June 2025
South Korea Pauses CBDCs, Stablecoins Heat Up: Here’s Why Best Wallet Wins the New Crypto Framework
Bitcoin

South Korea Pauses CBDCs, Stablecoins Heat Up: Here’s Why Best Wallet Wins the New Crypto Framework

30 June 2025
Bitcoin Price Watch: Mixed Oscillators, Strong MAs Create Tense Trading Setup – Markets and Prices Bitcoin News
Bitcoin

Bitcoin Price Watch: Mixed Oscillators, Strong MAs Create Tense Trading Setup – Markets and Prices Bitcoin News

30 June 2025
Next Post
Rented Power, Real Profit: One Miner’s $330K Bitcoin Win

Rented Power, Real Profit: One Miner’s $330K Bitcoin Win

Earn $5,440 Daily with AI Mining? Quickly Profit with BTC Cloud Mining APP

Earn $5,440 Daily with AI Mining? Quickly Profit with BTC Cloud Mining APP

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

28 June 2025
솔라나 레이어 2 코인 솔락시, 유니스왑 상장 출시… 지금 구매할 만한 유망 코인일까? | Bitcoinist.com

솔라나 레이어 2 코인 솔락시, 유니스왑 상장 출시… 지금 구매할 만한 유망 코인일까? | Bitcoinist.com

24 June 2025
$304M Raised, 20 Listings Locked – BlockDAG’s Plan Is Set, TAO and Pi Downtrend

$304M Raised, 20 Listings Locked – BlockDAG’s Plan Is Set, TAO and Pi Downtrend

16 June 2025
Why is Crypto Crashing? Dust Settles Over SOL and ETH After Musk Storm

Why is Crypto Crashing? Dust Settles Over SOL and ETH After Musk Storm

7 June 2025
Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup | Bitcoinist.com

Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup | Bitcoinist.com

23 June 2025
Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally | Bitcoinist.com

Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally | Bitcoinist.com

28 June 2025
Ethereum Price Readies for Takeoff — Bulls Eye Fresh Highs

Ethereum Price Readies for Takeoff — Bulls Eye Fresh Highs

1 July 2025
XRP Gains Ground With Wall Street as Companies Follow Bitcoin Treasury Model – Featured Bitcoin News

XRP Gains Ground With Wall Street as Companies Follow Bitcoin Treasury Model – Featured Bitcoin News

1 July 2025
DEXs capture almost 30% of CEX spot activity in June, setting new record

DEXs capture almost 30% of CEX spot activity in June, setting new record

1 July 2025
Robinhood Announces New Layer 2 Blockchain – News Bytes Bitcoin News

Robinhood Announces New Layer 2 Blockchain – News Bytes Bitcoin News

1 July 2025
OpenAI Is Fighting Back Against Meta Poaching AI Talent | Entrepreneur

OpenAI Is Fighting Back Against Meta Poaching AI Talent | Entrepreneur

30 June 2025
Dogecoin Positioning For A Run To New Thresholds As Key Chart Pattern Takes Shape | Bitcoinist.com

Dogecoin Positioning For A Run To New Thresholds As Key Chart Pattern Takes Shape | Bitcoinist.com

30 June 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$107,107.00-1.25%
  • ethereumEthereum(ETH)$2,478.60-0.96%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.231.69%
  • binancecoinBNB(BNB)$654.14-0.13%
  • solanaSolana(SOL)$153.080.93%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • tronTRON(TRX)$0.2797091.04%
  • dogecoinDogecoin(DOGE)$0.164278-1.98%
  • staked-etherLido Staked Ether(STETH)$2,477.70-0.93%