Analysis: During the SOL pullback, the market maker's cost to get on board is above $144, and there are very few trapped chips left above.

BlockBeats news, on September 7, on-chain data analyst Murphy released an analysis of the SOL chip structure. As shown in the figure, the SOL chip distribution roughly presents an olive-shaped structure, with a large accumulation in the middle and slightly less at both ends. At the current price of 203 USD, the SOL accumulated in the upper 20% price range (i.e., 203 to 242 USD) accounts for 7% of the total circulation; in the lower -20% price range (i.e., 162 to 203 USD), the accumulated SOL accounts for 39.2% of the circulating chips. If the SOL price continues to pump in the future, since there are very few trapped chips left at the top, the main selling pressure will come from the profit-taking of the chips at the bottom. Through recent repeated fluctuations, SOL has turned over very adequately in the -20% price range, raising the average cost for all participants. Therefore, when a certain degree of unrealized gains appears, theoretically, the selling pressure will not be very large. The position of the last giant bar on the URPD is 144 USD, indicating that the market maker's cost for entering during the pullback period should be at least above 144 USD. If the expected profit margin is not reached, these SOL chips should not be in a hurry to sell. This analysis is for learning and communication purposes only and does not constitute investment advice.