Solana on-chain flows flag notable supply shift as SOL trades near key support

Solana’s supply crunch and liquidity inflows kept the price above $120, but demand from futures traders remained subdued.

Solana’s (SOL) onchain flows are flashing a powerful supply-side shift with the crypto asset hovering just above the $120 support zone, but market participation still needs to intensify to turn this structural advantage into upside momentum.

Key takeaways:

$2.12 billion USDC flowed into Binance while $1.11 billion SOL exited, forming a textbook bullish structure around the $120 level.

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