$SOL Bull-Bear Game Upgrade! Behind the Whale's Unstaking, is it a Trap or a New Opportunity?
On May 1, on-chain monitoring showed that a certain whale unstaked approximately 92,600 SOL (worth 13.51 million USD). Although profit from staking was 5,554 SOL, they still faced a loss of about 500,000 USD. In the short term, this may create disturbances in market sentiment towards SOL, but the long-term trend needs to be assessed by considering multiple factors.
From the perspective of ecological fundamentals, Solana has built a solid ecosystem in DeFi, NFTs, and other areas due to its high throughput and low transaction costs. The number of active addresses on-chain has remained high over the long term, with developers and projects continually entering, providing intrinsic support for SOL.
On the technical front, if SOL can hold key support levels (such as around 150 USD), combined with the improvement in liquidity brought about by the market's rising expectations of interest rate cuts by the Federal Reserve, there is still upward momentum in the medium term.
In the short term, attention should be paid to the selling pressure test brought about by the whale's unstaking, but in the long run, as long as the Solana ecosystem continues to expand and technical optimizations progress, SOL still has room for value growth. Investors should pay attention to changes in trading volume and the gains and losses of key moving averages, looking for reasonable entry points amidst volatility, and should not panic excessively due to short-term whale operations, but instead focus on ecological development and the overall market trend.
The dynamic direction of SOL is currently very worth watching. Fans who want to keep up with K Ge's operational strategy, if you don’t understand the trend direction, follow K Ge, and go 🚀🚀🚀!
