Recent on-chain data indicates a significant surge in the movement of dormant coins within the Solana network, a development that could have substantial implications for the cryptocurrency’s future. Analysts have noted a notable increase in the “Coin Days Destroyed” (CDD) indicator for Solana , suggesting that long-term holders are beginning to move their assets.
Coin days represent the measure of time a token has remained inactive, accumulating one “coin day” for each day it stays dormant. When these tokens are transferred, the accumulated coin days reset, resulting in their “destruction.” The CDD metric reflects the total number of coin days being reset across the network. A spike in this indicator typically signals an uptick in activity from long-term holders, who often retain substantial amounts of coin days due to their extended holding periods.
Recent data shows a substantial surge in the CDD, with the destruction of approximately 3.55 billion coin days. This spike indicates that long-term holders have started to engage in transactions. In fact, this spike is one of only two significant increases observed in 2025, with February 26 recording a destruction of 5.53 billion coin days and March 3 seeing a total of 4.64 billion.
Long-term holders often re-enter the market when they decide to sell, which can lead to downward pressure on prices. Typically, such large spikes in CDD may reflect a potential shift in market sentiment among these holders. The previous spikes occurred in close succession, hinting that some investors may have lost confidence in the asset during that period.
The future trajectory of Solana ’s CDD remains uncertain. Observers are keenly watching to see if this recent spike will lead to subsequent movements or if it was an isolated incident. Currently, Solana is trading around $145.71, reflecting a decline of over 10% in the past week, according to CoinMarketCap data.
