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Whale Activity Signals Potential Volatility for $SOL as Major Players Reposition and Prepare for Potential Offloading

12 hours ago
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In the past few hours, the market for Solana ($SOL) has witnessed substantial activity from major investors, or whales, that might indicate a shift in investor sentiment and market dynamics.

What’s particularly interesting is that a prominent whale recently went the route of purchasing a large amount of Solana and did so in what appears to be an attempt to buy at a price that’s lower than where the market is trading right now. Earlier today, approximately seven hours ago, this whale made a move and bought up 50,000 SOL, which is worth something on the order of $6.77 million.

A Whale’s Strategic Re-Entry: Buying Back $SOL at a Lower Price

The whale who made the recent $6.77 million purchase of 50,000 SOL at the current market low seems to be taking advantage of the market downturn. This is not their first big move within the Solana ecosystem, as the same whale had previously divested a significant amount of SOL between November 20, 2024 and January 21, 2025. During that period, they offloaded a total of 122,921 SOL, worth $28.23 million at the time, at an average price of $230 per token. Now, after the price of SOL has tanked, the same investor seems to be reeling us back in and buying at a price that is much more favorable.

Such activity is often viewed as a harbinger of things to come in the market. When big players make moves like this, it is often taken as a sign that they are positioning themselves in anticipation of a bull market. This could, then, be a sign that the investment community sees the long-term prospects of the Solana network as very good, regardless of the current price of its native token.

Another Whale Prepares for a Potential Offload: Unstaking and Depositing SOL to Exchanges

At the same time, another whale has been making some big moves that suggest they might be getting ready to sell off a large chunk of their $SOL holdings. This whale recently unstaked a massive 236,568 SOL, worth around $32.13 million, and deposited a smaller portion of 60,050 SOL, valued at $8.27 million, onto the well-known cryptocurrency exchange Binance. They still hold a ton of Solana, though, with a total of 363,804 SOL, worth $51.66 million. And by the way, they also hold a nice little bag of 227,495 JitoSOL, worth about $38.25 million, so they’re not exactly light on crypto.

The whale having unstaked a large part of its holdings and moved a portion of it to an exchange raises the suspicion that it is preparing to offload those assets. And if it is doing that and offloading them to an exchange, that is something that could potentially add downward pressure to the market and cause the price of $SOL to dip further. And if the whale were to do this and trigger a sell-off, then it could also be the case that other investors do the same thing and follow suit.

FalconX Movement Signals More Selling Pressure Ahead

Growing potential pressure from sellers may push the price of Solana ever lower. A well-known crypto trading firm, FalconX, just sent a massive 340,000 SOL ($46.8 million) onto major exchanges such as Coinbase, Binance, OKX, and Bybit. This is eyebrow-raising, as most observers believe FalconX is now preparing to offload a significant sum of SOL.

Markets tend to interpret moves like this as a precursor to actual sales that will happen soon. And this may well be happening now. Our next post will look at liquidity levels in the Solana market.

Market volatility is often driven by behavior like this from whales. When large sums of money appear on exchanges, it usually means the whales are getting ready to stage some kind of big event. If they’re going to sell, you can bet that they’ll be selling to the tune of a couple of hundred million dollars—or more. And that’s what’s always kind of worrisome, because if any of these whales really does start to liquidate a large position, that’s a kind of market event that really can trigger a pretty big downward move.

What This Means for the Future of $SOL

The recent movements of whales indicate that there may be considerable volatility ahead for Solana. One whale’s purchase of 50,000 SOL suggests optimism and a potential rebound. But if we take a broader view and look at the paired actions of other whales—doing things like unstaking and moving their assets to exchanges—we see a clearer picture of what’s happening. And that picture is one of increased selling pressure in the market, which looks likely to drive Solana’s price down further.

Solana appear to be continuing with the short-term price adjustments that have already caused substantial price swings in the last few days. And that’s not surprising, looking at the current market dynamics. In the past week, the Solana Foundation has announced that it will discontinue funding future Solana development. That was a big enough piece of news to upend VL volume flow and cause price adjustments. Now, after delivering that piece of disruption, the Solana Foundation is pretty much silent.

As of now, Solana’s price behavior looks to be a direct result of a push-and-pull between two types of hands. On the one hand, there are investors who find Solana’s current price sufficiently attractive to buy. On the other, there are investors who, for whatever reason, may not be quite as enthused about Solana at present and are looking for an excuse to sell.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Source: https://nulltx.com/whale-activity-signals-potential-volatility-for-sol-as-major-players-reposition-and-prepare-for-potential-offloading/