Solana's price has settled around $163, reflecting a 14% weekly dip. Nevertheless, large holders remain calm and are exploring new investment opportunities in DeFi.
Current Situation in the Solana Market
Despite a pullback from July highs above $206, Solana is holding support between $158 and $160. There is a potential bounce toward $176 if bulls defend this level.
Glassnode data shows a 102% increase in active Solana wallets since July 30.
New Opportunities in DeFi
While holders keep their SOL tokens, interest is rising in multi-chain DeFi projects. These projects are perceived to offer greater real-world value and may currently be undervalued.
Long-term Perspectives and Analyst Assessments
Analysts emphasize that infrastructure projects like DeFi are becoming a priority for large investors. Data on CME futures open interest shows a 370% increase in one month to $800 million, indicating continued institutional bets on Solana.
Thus, despite the current price correction of Solana, the interest of large holders in new DeFi projects suggests potential long-term investment opportunities as technology continues to evolve.
