According to glassnode, Solana (SOL) saw its third-largest year-to-date spike in Coin Days Destroyed on June 4, 2025, reaching 3.55 billion. Only February 26th (5.53B) and March 3rd (4.64B) recorded higher levels. Historically, such spikes reflect long-dormant coins being moved, often signaling a shift in holder conviction. For traders, this metric could indicate a possible change in trend or increased selling pressure, making it crucial to monitor the SOL order books and on-chain flows for confirmation of a broader market move (source: glassnode, June 4, 2025).