Solana onchain flows flag notable supply shift as SOL trades near key support
Solana’s supply crunch and liquidity inflows kept the price above $120, but demand from futures traders remained subdued.
Solana’s (SOL) onchain flows are flashing a powerful supply-side shift with the crypto asset hovering just above the $120 support zone, but market participation still needs to intensify to turn this structural advantage into upside momentum.
Key takeaways:
$2.12 billion USDC flowed into Binance while $1.11 billion SOL exited, forming a textbook bullish structure around the $120 level.