Solana Price Holds at $150 After Whales Unstake 1 Million SOL
The post Solana Price Holds at $150 After Whales Unstake 1 Million SOL appeared on BitcoinEthereumNews.com.
Solana price is holding above $150, but recent whale activity is raising fresh questions about short-term pressure. A June 30 post from Lookonchain flagged two wallets associated with Wintermute; that unstaked 1 million SOL (~$139 million) and deposited 240,000 SOL to Binance over the past 72 hours. The move sparked speculation of a looming dump, but staking and liquidity data suggest a more nuanced picture: this might be profit rotation, not capitulation. Whale Moves Came Amid Neutral Staking Flows While the 1 million SOL unstake caught attention, weekly staking flows show no major net exodus. Data shows that Solana crypto’s total stake remained relatively stable over the past week, with net outflows well within historical norms. Weekly stake movements- Source: Dune The unstake appears isolated, not part of a wider validator withdrawal wave. Wallets unstaking and moving SOL- Source: X Backing that up, the liquid staking market share remains intact. mSOL, jitoSOL, and jupSOL continue to dominate the LST ecosystem, with no sudden change in preference or mass conversions to unstaked SOL. If whales were anticipating a prolonged downturn, you’d expect a broader exit, not just a Binance transfer. LST-specific staking behavior- Source: Dune In short, the whales may be rotating, but the Solana crypto network isn’t bleeding confidence. Spot Flows, Solana Price Action, and CMF Tell a Mixed Story If you look into Solana’s spot exchange behavior, the signals are neutral. Over the past few days, netflows have turned negative. This pattern suggests that more SOL is being sent to exchanges than withdrawn, which supports the view that at least some capital is being prepared for potential exits or redeployments. SOL spot netflow- Source: Coinglass That said, the Chaikin Money Flow (CMF) on SOL’s daily chart is holding just below zero, suggesting mild sell pressure but not a breakdown.…
Filed under: News - @ July 1, 2025 12:26 am