Recent data shows that the number of Solana wallets holding at least 0.1 SOL has reached 11.04 million, while the token price hovers around key resistance and support levels.
Surge in Solana Wallets
The number of wallet addresses holding 0.1 SOL or more has significantly increased, reaching 11,043,694 as of May 11, 2025. This growth indicates rising retail investor interest, particularly between late April and mid-May.
SOL Price Approaches Resistance
Currently, SOL's price stands at $176.87, reflecting a modest growth of 0.3% over the past 24 hours. The current level of $177.23 serves as an important resistance, with the support level at $167.32.
Market Signals Remain Mixed
Solana's price action aligns with broader trends in the crypto market, displaying conflicting investor sentiments. While the rise in wallet addresses suggests potential long-term growth, the immediate price trajectory remains uncertain.
As the number of Solana wallet addresses continues to grow, the potential for price increases remains unclear, leading investors to watch for further market developments.
