Recently, the market for SOL has been quite lively, and major capital players are starting to make moves! On May 1st, a "whale" (large trader) unstaked 92,600 SOL all at once, worth 13.51 million USD. Although this operation earned 5,554 SOL, a closer look shows that it still incurred a loss of around 500,000 USD.
With this news, the market may be a bit concerned about SOL in the short term, after all, such a large amount of chips being released could lead to a price drop. But let's look at the long term; the Solana chain is fast in transactions and has low fees. It is not only active in popular areas like DeFi and NFTs, but also has a vibrant user and developer community, which is the solid reason supporting the price of SOL.
From a technical standpoint, the key now is whether the price can hold the crucial support level (around 150 USD). If it can hold, and if there's good news about the Federal Reserve possibly lowering interest rates, there could still be room for SOL to rise in the future. In the short term, we need to be cautious of the selling pressure caused by large traders unstaking, but as long as the Solana ecosystem continues to develop and technology keeps upgrading, SOL remains a long-term positive outlook.
We ordinary investors should not be intimidated by the actions of large traders; the focus should still be on ecosystem development and overall market trends. In terms of operations, we can keep an eye on changes in trading volume and key support levels, waiting for a proper pullback before finding opportunities to enter the market. Don't panic and follow the crowd just because you see a large unstaking. Remember, whales play their own game, and we play ours; maintaining a stable mindset is the most important thing!