Data on the series shows that the Solana network has just witnessed a large movement of sleeping coins. Here is what this can mean for the encrypted currency.
Solana Coin Domined days have seen a significant increase
In new mail In X, Glassnode spoke on the size of the series about the latest trend in the “destroyed currency days” index (CDD) for Solana. “Currency Day” is a quantity of accumulating one symbol of assets after it remains asleep (that is, he does not participate in any transactions activity) for one day.
When a symbol carrying a number of coins is transferred, it is said that the working days working in the coins belong to zero, and it is said that the currencies that were carrying it “destroyed”. CDD measures the total number of metal currencies that are reset in this way over the network.
When the value of this indicator is rising, this means that sleeping coins are possible. In general, this type of direction is a sign of transactions activity from the long -length holders (LTHS). LTHS is firm entities that tend to keep long periods, so of course they carry a large number of coins. As such, transport operations usually destroy a large number of coins.
Now, here is the Solana CDD chart, which is shared by the Analysis Company, which shows the trend in its value during the past few months:
As shown in the graph above, Solana CDD noticed a significant rise recently, indicating that LTHS has made some transactions. In total, this increase included the destruction of a huge currency day 3.55 billion days. From the graph, it is clear that the index witnessed only two larger mutations in 2025 until now. February 26 recorded the value of CDD 5.53 billion, while March 3 witnessed a value of 4.64 billion.
LTHS usually breaks their silence only when they want to participate in the sale, so the movements can sometimes be spent on the trouble of the encrypted currency. Large nails like this can be worth noting, as they can indicate a potential shift in a pregnant condemnation
. Two large nails mentioned above occurred one by one, with a third height, a little smaller follow -up later in March. Therefore, more than one couple of diamond hands is likely to lose their belief during that period.
It remains now to see if another Solana CDD Spike will also follow another, or if this is just one time event.
Soul price
At the time of this report, Solaa is trading about $ 153.9, a decrease of more than 10 % last week.
