$SOL Chip structure changes analysis: short-term pressure still exists, main rise still needs opportunity

Since May 10th, the dynamic adjustment of the SOL chip structure can be clearly seen in the quantitative chart based on the changes in URPD data, so as to restore market behavior and investor sentiment:

1. Overview of On-Chain Chip Changes

• In the past nearly 10 days, over 60 million SOL have changed hands on-chain, reflecting a strong phase of capital speculation and chip restructuring.

• In the range of $17.7–32.45, over 3.5 million SOL have changed hands: this is the historical bottom chip range before October 2023, where a large amount of low-priced chips accumulated by "main institutions" or "market makers" is gradually being distributed.

• In the range of $95–150, more than 54 million tokens have moved: this part mainly refers to the short-term entry after SOL rebounded from $95 since April of this year, and is currently gradually cashing out profits.

• In the range of $210–290, approximately 2 million chips have changed hands: these are the high-position chips from late last year to the beginning of this year, and there are recent signs of cutting losses, although the proportion is relatively small.

• It is worth noting that the turnover of chips in the above range is almost entirely concentrated in the $165–$185 range, with the $165–$174 range being the most densely piled, where over 100 million SOL are held, forming a major chip pressure zone in the short term.

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