$SOL In recent hours, significant movements of large wallets are causing concern among investors. A whale released the considerable sum of 103,040.6 SOL, equivalent to $17.7 million at the current price.

Meanwhile, a wallet linked to the controversial exchange FTX/Alameda executed an unstake of 187,625 SOL, valued at $32.24 million. This liquidation was joined by the transfer of 132,000 SOL from Pump.fun, a token issuance platform on Solana, to the exchange Kraken.

"The liquidation of these significant amounts of SOL by whales could be an early signal of a possible correction in price," warns market analyst Fermín Aguirre to iProUP.

With an 85% surge since the beginning of April, more than doubling Bitcoin's (BTC) performance, high-caliber options traders are betting heavily that SOL will surpass the $200 mark before the first half ends.