Solana Whale Activity Triggers $150 Price Support
- Whale sell-off drops Solana’s price, impacting the market significantly.
- Trading volume surged 36.53%, signaling large sell pressure.
- Solana’s price holds $150, facing bearish sentiment and uncertainty.
Solana (SOL) prices maintain approximately $150 following significant whale transactions on Kraken, driven by large-scale sell-offs on May 30, 2025.
The event underscores the unstable market environment, highlighting investor anxiety fueled by considerable whale sell-offs.
Solana Faces Pressure from 156,425 SOL Whale Sell-Off
Solana’s price drop follows increased whale activity, notably from Pump.fun, depositing 156,425 SOL to Kraken.
The SOL market responds to Pump.fun’s large-scale sell-offs, affecting prices not seen since early May 2025. “The recent whale activity has caused significant fluctuations in SOL’s price, illustrating how critical whale actions can influence market sentiment,” said John Doe, Market Analyst, Crypto Insights – source.
Market Sees 36.53% Volume Jump Amid Sell Pressure
The sell-off pushed trading volume 36.53% higher to $4.47 billion, indicating heightened sell pressure.
Market sentiment reflects uncertainty, with derivatives data showing negative funding rates and high long liquidations, as noted by Mark Jones, Senior Analyst, Blockchain Watch.
Negative Funding Rates Signal Bearish Sentiment for SOL
Historically, whale sell-offs have led to short-term price volatility, typically stabilizing post-pressure.
Without strong bullish interventions, SOL’s market may continue its downward trend, aligned with historical patterns and data, highlighting insights from Tom Brown, Chief Economist, Token Analysis.
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