The Strength of SOL at 132.72 Dollars: Three Reasons That Despaired Short Sellers During the Market Crash

The entire crypto market is engulfed in panic, with altcoins continuously breaking their lows, while SOL's movement is honestly at a level that is shocking. Latest price 132.72 Dollar——it's not that it's not dropping, but it feels like it has no intention of dropping.

Bitcoin has broken an important support line, Ethereum has fallen by 3%, and nameless altcoins have plummeted by over 10% in one day. But what about SOL? Even during the most tumultuous 2 hours of the market, it defended the $130 range, and even if it dips slightly, it rebounds in seconds. The daily volatility is less than 2% (other altcoins are 15%+). In the final hours, it rose by 0.8%, ending with a small bullish candlestick with a long lower shadow — this is not just a “resistance to decline” but a naked defense.

📌 The Reason SOL Became the “Copycat Phoenix”: The Data Speaks for Itself

1. Revenue Surge: $1.87 Billion in Trading Volume in the Last 24 Hours, Up 12% from the Previous Day

When the market is in a panic state, the most dangerous thing is that “whales withdraw liquidity.” However, the buying pressure for SOL does not disappear — this means that institutional investors are not just holding on, but are actively accumulating at the bottom.

2. Perfect price structure: a gradual uplift is continuing

Looking at the weekly chart, SOL has not broken below its previous lows during each adjustment since the rebound from 80 Dollar. The recent three adjustment bottom prices have risen stepwise from 115 → 122 → 128 Dollar — a typical “stair-step” pattern. This indicates a very high level of control by the main players, and the adjustments signal a buying opportunity.

3. Overwhelmingly Popular: Dominating the L1 Sector

SOL dominates the L1 top in CoinGecko's 6-hour search rankings, with 1.8 times the search volume of the second place. The Twitter #SOL topic temporarily entered the top 3 of the crypto market hot trends——no matter how cold the market gets, interest in funding remains focused on SOL.

📌 Institutional Investors' True Intentions: Why Only Protect SOL

Despite the market being down, why are institutions not letting go of SOL? The answer lies in the logic of 'position switching.'

During a panic, institutions execute “replacement of assets” instead of “complete sell-off”—withdrawing funds from mere “buzz coins” that are just stories, and concentrating investments in “real assets” that will take center stage in the next cycle.

The reason SOL was chosen is that it is not just an altcoin of concept, but it has a substantial business model:

• Second in market capitalization in the L1 sector, with over $10 billion locked in DeFi, and NFT trading volume exceeding 30% of the entire market.
• SOL 2.0 upgrade resolves scalability issues, with a transaction cost of just 0.0002 Dollar
• Large institutions such as Grayscale and ARK Invest continue to increase their holdings, up +45% compared to last year.

One last word: in the world of altcoins, being “protected by the leaders” itself is the greatest proof of value. Coins that collapse during market crashes are not bought by anyone. SOL is the opposite — funds are betting on it as the “next leader of the bull market.” The market always rewards assets that are prepared. Today's stability of SOL is the best answer for holders.