Solana Price Diverges from Weak Participation

Solana's price has shown early signs of a possible rebound as a bullish RSI divergence develops on the weekly chart near $73. However, a decline in wallets holding at least 0.1 SOL signals weaker participation and keeps the broader SOL price outlook uncertain.

The number of wallets above the 0.1 SOL threshold declined by about 580,000, or nearly 5%, over the past two weeks. This trend may indicate that some smaller holders sold, transferred, or reduced their balances below the cutoff. It could also reflect weaker growth in new wallets entering the group.

The data does not confirm that 580,000 individual investors left the Solana market because one person can control several wallets. Still, the sustained decline matters because broader wallet participation can help measure retail interest and network distribution.