Solana (SOL) recently experienced a sharp decline, dropping from $176 to $141 in just eight days. After this significant downturn, many traders hoped for a recovery. 

However, the altcoin’s path to regaining lost ground now faces challenges, mainly due to a shift in investor behavior that could slow down or prevent further price gains.

Solana Investors Are Selling

Long-Term Holders (LTHs) have shifted from being staunch buyers to becoming sellers. Outflows from LTH wallets have recently surged to a two-month high, a move that hasn’t been seen in the past month.

This change in behavior signals a significant shift in the market, as LTHs are often considered the backbone of an asset’s price stability.

The consistent selling from these investors raises doubts about Solana’s price stability in the short term. Since LTHs are generally seen as more patient investors, their decision to sell signals a potential loss of confidence. 

The macro momentum for Solana remains concerning as ke