Recently, the Solana (SOL) ecosystem has shown an intriguing trend: large investors and retail investors exhibit a rare consistency in their holding strategies, revealing potential market directions and investor psychology.

Analysis shows that large investors (commonly referred to as "whales") have been steadily increasing their SOL holdings. Historical data indicates that these large players often have a high degree of accuracy when choosing the timing to increase their positions. Notably, when the SOL price retraced to $165, there were signs of an increase in market chips rather than a decrease. This phenomenon suggests that both buyers and sellers hold a favorable view of this price level, implying that SOL may be building strength in preparation for a future breakout.

From the performance during the market downturn, different groups of investors have shown a gradually maturing mindset. During the decline on June 22, retail investors displayed the most panic, with net losses exceeding $70 million. However, by the downturn on August 2, the net losses of retail investors had dropped to only $20 million, indicating a significant increase in their willingness to hold. The high-net-worth group showed the strongest panic response during the first round of declines on June 5, but in the subsequent more severe declines, they exhibited an even stronger willingness to hold. Meanwhile, the whale group maintained the lowest losses throughout the decline, demonstrating the strongest confidence.

From the perspective of profit-taking, since January 2025, large holders have not sold more than $1 billion in profit in a single day, which suggests that the market may not have reached its peak yet.

In summary, the SOL investor community generally exhibits an increasingly stable mindset. They remain calm in the face of losses and are not eager to sell when making profits. This psychological state lays a solid foundation for the potential independent market trend of SOL in the future. With the stabilization of market sentiment and the enhancement of investor confidence, the medium to long-term development prospects of SOL are worth looking forward to.