【Stunning Giant Whale Operation】$17.55 million SOL sold! Can Solana hold on?

A crypto giant whale suddenly withdrew $17.55 million in SOL, triggering a violent market shakeup. This large sum, which includes 120,197 SOL, was redeemed after being staked for six months. Despite earning 3,802 SOL in rewards during this period, the whale still faces an approximate $7.8 million paper loss.

The key point is that these funds were not left on-chain but were quickly transferred to exchanges, releasing a strong selling signal. The market immediately became tense, with Solana's price briefly dropping below the critical support level of $143.5.

However, driven by Bitcoin, the crypto market quickly rebounded, with SOL recovering to around $147 after hitting a low, marking a daily increase of about 2.75%, and trading volume surged by 40%.

Where is the SOL price heading?

Currently, SOL is oscillating in a narrow range between $143.5 and $154. From a technical perspective, breaking through $154 could trigger a 15% increase, directly challenging $180. However, if it fails to hold above $143.5, it may fall towards $132 in the short term, and could even test the historical strong support level of $120.

Market signals are mixed; is it a time to buy the dip, or the calm before the storm?