According to Glassnode, only 13.6 % of Solana holders are currently holding positions above their acquisition price.

Distribution among major cryptocurrencies

By comparison, the same Glassnode dataset shows materially higher shares of addresses in profit for several other leading tokens.

• BTC — 53.5 % of addresses in profit.
• ETH — 37.6 % of addresses in profit.
• BNB — 64.5 % of addresses in profit.
• XRP — 43.2 % of addresses in profit.
• TRON — 96 % of addresses in profit.

What the metric reflects

Glassnode measures address-level profitability by comparing current market value with on-chain acquisition costs, which yields the share of addresses in unrealized profit.

This indicator does not capture off-chain custodial holdings, aggregated institutional allocations, or individual investor intent, and therefore has known limitations.

Context for market participants

A low proportion of addresses in profit means most on-chain holders currently face unrealized losses, which can influence selling and holding behavior in secondary markets.

These figures are descriptive snapshots of on-chain positions and should be interpreted alongside other market and fundamental indicators.