The post Solana (SOL) Price Holds Above $100 Amid Massive Whale appeared on BitcoinEthereumNews.com.

Solana (SOL) price continues to trade above the key $100 mark despite rising market volatility caused by whale activity and upcoming token unlocks. Solana is valued at $123.09 at the time of writing, recording an increase of 6.49% over the past 24 hours. Market observers are closely tracking price levels and support zones as selling pressure rises from several large holders. Whale Movements Add Pressure to Solana Price Action Blockchain tracking platform Lookonchain reported several large transactions involving unstaked SOL being moved to exchanges. On-chain data revealed that one whale address, identified as HUJBzd, sold 258,646 SOL, worth approximately $30.3 million. Another address, BnwZvG, offloaded 80,000 SOL, equal to around $9.47 million. Two additional addresses, 8rWuQ5 and 2UhUo1, sold 30,000 SOL and 25,501 SOL, respectively. These transactions together added around $46.3 million worth of SOL to the circulating market supply. Analysts say these moves created short-term selling pressure and may have added to market uncertainty during the ongoing price correction. Despite the sell-offs, SOL has managed to stay within a critical technical range. According to analyst Crypto Patel, SOL is trading at a key Fibonacci support zone between $100 and $115. Historically, for Solana, this zone has served as a strong price floor and has provided buyers an early accumulation opportunity. Source: X Major Token Unlock Raises Concerns of Increased Selling Additionally, Solana is scheduled for its largest token unlock since 2021. Data from Arkham Intelligence shows that over $200 million worth of SOL will be released into the market. This includes more than 1.3 million tokens across four accounts that were staked in April 2021. One account alone is expected to unlock 991,079 SOL, valued at $27.32 million based on current prices. Other accounts will release 297,323 SOL ($7.43 million), 74,330 SOL ($1.97 million), and 34,687 SOL ($936,720). The…

---

Filed under: News - @ April 5, 2025 5:26 am