The analysis: 437,116,782 SOL are sitting in staking. That is 74.12 percent of all tokens in circulation, and they cannot simply be sold on a Friday evening.
Here is the evidence: our own query of the Solana mainnet on Friday evening returns 437,116,782 staked SOL against 589,708,989 tokens in circulation, spread across 664 active validators. Our assessment follows further down: this lock-up explains why the price barely gives way on quiet days and swings all the harder on hectic ones. Where the price can point over a horizon of months is set out in our Solana price prediction.
SOL traded at $103.55 on Friday evening, 0.51 percent above the previous day, with a daily high of $105.05 and a low of $103.17 (CoinGecko). That converts to €92.51. Trading volume over the past 24 hours came to $2.02 billion and market capitalisation to $61.07 billion, seventh place.
74.12 percent of the circulating supply is tied up in staking
Staking on Solana means delegating your SOL to a validator that produces and confirms blocks. The tokens stay at you...
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