CandleFocus Whale unstaked $30m in SOL; will Solana crash again?
2024-09-26
Author: Content Editor
A Solana validator has unstaked 200,000 tokens, worth $30 million, and deposited them on Binance. This validator previously sold 1.2 million SOL, causing a significant price drop for Solana. The social sentiment around Solana has been declining, but there are no signs of a massive selloff currently. Despite a market-wide correction, Solana has held steady around $150. The SOL Relative Strength Index indicates that Solana is in a neutral zone. If the broader crypto market continues to rise, it is unlikely that Solana's price will fall, although caution is advised.
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