Analyst: There are very few chips stuck above SOL, and whales are not in a hurry to take profits and exit

On-chain data analyst Murphy wrote that SOL's holdings indicate that there are very few trapped chips left. During the previous pullback, major investors entered the market at a cost of roughly $144 to $165, leaving them with approximately 40%-50% unrealized profits. Despite the previous aggressive buying, major investors likely haven't yet achieved their intended targets. During the recent SOL price rebound, the profits realized by major investors were modest, far smaller than during previous highs. If profit-taking investors remain cautious about cashing out, SOL's upward momentum will be minimal. This analysis is for educational purposes only and is not intended as investment advice.