#Solana Wallet Count Explodes to 11 Million During Price Rally


On-chain data shows significant #adoption growth, with Glassnode reporting 11.04 million wallets now holding 0.1 $SOL or more—a substantial increase over the past two weeks.


$SOL has rallied more than 22% since last Thursday, breaking above both the 200-day Exponential Moving Average ($161.88) and 200-day Simple Moving Average ($181.11) in a powerful bullish move.


$SOL is now consolidating below $181 resistance after reaching a local high, with support established in the $170-$175 range.


The asset is attempting to break a multi-month downtrend, forming higher highs for the first time since December, suggesting potential for a push toward $200 if market momentum continues.

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May 13, 2025 at 10:49 PM
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