news 
Solana’s Cost Basis Shifts Sharply: $129 Emerges as a Key Pivot Zone
In the last 48 hours, Solana (SOL) has witnessed a significant change in its on-chain cost basis. The URPD chart has revealed an unprecedented shift, with a massive new supply cluster forming. This fresh data confirms a substantial increase in investor engagement at this price level.
It appears that $129.79 is where the largest concentration of token holdings can be found, with over 32 million SOL (more than 5% of the total supply) acquired. This critical change in cost basis signifies a pivotal point in Solana’s current market structure and will likely play a significant role in determining price behavior moving forward.
The emergence of this new zone is particularly noteworthy given its ability to provide support during any future drawdowns, reflecting the heightened investor interest at this specific price level.
Source: https://nulltx.com/solanas-cost-basis-shifts-sharply-129-emerges-as-a-key-pivot-zone/
