Solana (SOL) is experiencing a weakening market as investor sentiment turns bearish. A significant crypto whale has transferred 246,064 SOL, worth $45.76 million, to Binance, indicating a potential sell-off. SOL has dropped over 16% in the past three days, reaching a crucial support level at $178. If this level is breached, SOL could decline by 11% to $156 or lower. Exchanges have also seen an outflow of over $60 million worth of SOL in the past 24 hours, contributing to the bearish sentiment. Currently, SOL is trading near $182 with a decline of over 7.95% in the past 24 hours.
- Content Editor ( coinpedia.org )
- 2025-01-09
Crypto Whale Dumps $45.7 Million Worth of Solana (SOL), Sell-Off Signal?