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- A whale sold 60,289 SOL, sparking market uncertainty and investor concerns.
- Solana retests key support, with traders watching for a rebound or further decline.
- Despite selling pressure, Solana’s network growth remains strong, supporting long-term stability.
A Solana whale has sold 60,289 SOL for $7.67 million in USDC. This sale has sparked concerns among investors. Does this whale know something others don’t? Or is this a setup for a bigger rally? The transaction has created uncertainty, but strong fundamentals continue to support Solana. Investors must now decide whether to brace for a drop or prepare for a rebound.
SOL Traders Alert: Is a Major Pullback Looming?
— Ivan Barsuk (@IvanBarsuk) March 30, 2025
Whale Sell-off Sparks Market Concerns
A whale unloading millions worth of SOL has sent shockwaves through the crypto market. The sale happened at $127 per token, just as Solana approached a key support level. Large holders often influence price trends, creating fear or optimism among traders. Some believe this massive sale signals a possible downturn. A 4.99% price drop over the past 24 hours has fueled concerns. Losing support at this level could trigger a deeper decline.
However, major sell-offs do not always lead to extended downtrends. Despite selling pressure, adoption of Solana continues to rise. Over 11.12 million addresses now hold at least 0.1 SOL. This surge highlights strong demand from retail investors and developers. While whales move millions, smaller investors continue building a solid foundation for long-term growth.
A Critical Moment for SOL’s Price
Solana now faces a major test. The token is retesting a crucial support zone. This level has held firm in the past, preventing bigger declines. If buyers step in, a strong rebound could follow. A breakdown could invite further selling. Traders are closely watching price action. The next move will determine whether bullish momentum returns or selling pressure increases.
Funding rates across exchanges show a neutral stance. Traders remain cautious but have not turned overwhelmingly bearish.This uncertainty has created a tug-of-war between buyers and sellers. Every price movement adds to the unfolding market story. A bullish push could defy expectations and send Solana higher. A bearish move could confirm investor fears.
This moment serves as a stress test for Solana’s resilience. The whale sale may have shaken confidence, but network growth remains strong. This could be a temporary dip before a stronger rally. Traders must now decide which direction holds the most potential.
