Solana faces on-chain selling pressure despite tokenization and ETF tailwinds

Solana's long-term outlook remains supported by expectations around real-world asset tokenization, ETF inflows, and growing payments adoption. However, recent on-chain metrics highlight rising sell pressure, including spikes in Coin Days Destroyed and exchange inflows as price tested key resistance levels. The shift in HODLer net position change into negative territory suggests long-term holders are taking profits rather than backing a near-term push above $100.