Solana slips below $130, but onchain data suggests SOL remains bullish

Even as SOL price drops, whale accumulation amid declining exchange supply and strengthening onchain metrics point to a potential for recovery.

Solana (SOL) price dropped below $130 for the first time since Jan. 2 as onchain data suggested that a strong recovery could be in the cards for the top-10 altcoin.

Key takeaways:

SOL dips below $130 amid marketwide pullback, but whales remain confident as they load up more tokens. 

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