Analysis: During the SOL callback, the main cost of entering the market is above US$144, and there are few chips left behind.

According to BlockBeats, on September 7, on-chain data analyst Murphy released SOL chip structure analysis. As shown in the figure, the SOL chip distribution roughly presents an olive-shaped structure, that is, there is a large accumulation in the middle and slightly less at both ends. Centered at the current price of US$203, the SOL accumulated in the 20% price range above (i.e., US$203 to US$242) accounts for 7% of the total circulation; the SOL accumulated in the -20% price range below (i.e., US$162 to US$203) accounts for 39.2% of the circulating chips. If the SOL price continues to rise in the future, since there are few chips left above, the main selling pressure will come from the profit settlement of the chips below. Through recent repeated oscillations, SOL's turnover in the -20% price range is very sufficient, which raises the average cost of all participants. Therefore, when a certain degree of floating profit occurs, the theoretical selling pressure will not be very large. The position of the last huge bar on URPD is $144, and it can be inferred that the main cost of entering the market during the callback should be at least $144. If the expected profit margin is not met, these SOL chips should not be in a hurry to sell. Analysis is only used for learning and communication and is not used as investment advice.