The Net Unrealized Profit/Loss (NUPL) index currently reflects fear among long-term Solana holders, showing fluctuating emotional states. Despite a recent decline in SOL’s price to around 120 USD, the increasing number of wallets indicates growing network adoption.

Historical trends hint that periods of fear may lead to price recoveries, signaling a possible buying opportunity. Long-term confidence is bolstered by substantial cross-chain transfers, reaffirming Solana’s position in the market despite ongoing uncertainties.