SOL token distribution analysis highlights potential price trends

On-chain data analyst Murphy released an analysis report on the distribution structure of SOL tokens. The distribution is olive-shaped, with more accumulations in the middle area and fewer at both ends. Centered at the current $203 price, 7% of SOL accumulates in the 20% price range above ($203 to $242), while 39.2% of SOL accumulates in the 20% price range below ($162 to $203). If SOL prices continue to rise, the main selling pressure is expected to come from profit-taking of tokens with lower holdings, as few tokens are currently trapped at high prices. Recent volatility has resulted in large transactions in the -20% price range, increasing the average cost for all participants. Therefore, theoretically, when some profits are taken back, the selling pressure should be small. The last significant volume bar on the URPD chart is at $144, indicating that the main cost of investors entering the market during the pullback may be above $144. These SOL tokens are unlikely to be sold quickly if the expected profit margin is not achieved. This analysis is for reference only and should not be considered investment advice.