SOL is receiving strong buying support, but coordinated selling pressure from whales along with Alameda's large unstaking increases the risk of distribution, putting the 170 USD support level in jeopardy.
Recent on-chain signals and market data indicate that Solana (SOL) is facing significant challenges: pronounced pressure from whales and large capital withdrawal actions from Alameda Research have made the key support level of 170 USD the boundary that determines price trends.
MAIN CONTENT
Whales are selling hundreds of thousands of SOL, with many large wallets significantly reducing their holdings.
Alameda Research is executing a large unstaking of SOL, taking profits 100 times after 4 years of locking.
The 170 USD support level becomes a decisive point for Solana's short-term trend amidst rising distribution risks.
What distribution risks is Solana currently facing?
The latest data shows that concentrated selling pressure from whales and large-scale unstaking actions are laying the groundwork for significant distribution risks with SOL prices.
According to on-chain records, since the beginning of August, whales have transferred over 226,000 SOL to exchanges, emphasizing widespread profit-taking sentiment. This action contributed to SOL's rapid decline to 173 USD, 'evaporating' 15 million USD in market cap in a short time before bouncing back due to new buying pressure.
The combination of selling pressure from whales and large-scale unstaking is a clear sign of a strong distribution phase, testing the resilience of the important support area.
– Arkham data report, August 2025.
The sudden unstaking of 35 million USD SOL by Alameda Research after more than 4 years of locking has made market sentiment even more cautious. Although SOL quickly recovered, creating the impression of strong buying momentum, historical price data indicates that similar distribution events often trigger deep downward cycles if support is not maintained.
How is the selling pressure from Solana whales unfolding?
Statistics indicate that several large whale addresses on Solana have significantly reduced their holdings in a very short time, even by up to 71% in just two days.
A prominent whale wallet saw its value drop from 24 million USD to only 6.8 million USD, selling 17.2 million USD SOL, signaling decisive profit-taking actions from large holders. These large sell orders have pulled SOL down significantly below 185 USD, creating a substantial 'supply wall'.
Concentrated sell-offs from whales not only affect short-term sentiment but also leave consequences for liquidity and support structure on the price chart.
– According to Arkham market analysis, August 2025.
Additionally, as the price of SOL drops to around 177 USD, the accompanying trading volume surges, confirming that this is not just a random correction but a systematic capital flow shift. This factor indicates that downside risks will increase if the distribution trend continues or spreads to other whales.
What makes the 170 USD support level of Solana a focal point?
After strong fluctuations, the 170 USD level is currently the key support area, and if lost, a negative trend could emerge for Solana.
Although on-chain data still shows SOL's Net Position in a positive state – usually signalling stable long-term capital flow – the pressure from whales and large unstaking volumes significantly increase the risk of breaking support. Historically, whenever SOL breaches strong technical support, the price usually enters a rapid and deep correction phase.
The 170 USD support level is the boundary that re-establishes market sentiment. If this level is lost, the likelihood of a capitulation event will increase.
– Glassnode market summary, 2025.
Additionally, the fact that SOL has not been able to recover significantly to the 200 USD mark after a series of fluctuations highlights the role of the 170 USD level as a 'wave-breaker' during this sensitive period.
What do current on-chain indicators say about SOL's price trend?
Despite the appearance of downside risks due to sell-offs and unstaking, SOL's Net Position remains positive, indicating that long-term investors have not completely fled.
In previous sharp downturn cycles (risk-off), the Net Position often turns negative, leading to deep drops or capitulation. The fact that the Net Position has not turned negative this time is a positive point, providing an opportunity for a short-term accumulation or recovery if selling pressure temporarily halts.
At this time, signs of large capital flow are still present in the market, helping to mitigate the risk of widespread panic.
– Glassnode data report, August 2025.
However, this positive state could quickly reverse if the 170 USD support is breached, causing new capital to become cautious and selling pressure to continue.
How does the growth rate between Solana and Ethereum compare recently?
While Solana faces significant pressure from whales and internal developments, Ethereum has outperformed in both monthly and quarterly return rates.
Specifically, in just the first 10 days of August, ETH rose by 15.75% compared to SOL's modest increase of 1.07%. In quarterly terms, ETH's ROI reached 72%, while SOL only recorded 12.8%. This is a sign that smart money is prioritizing Ethereum more in the context of heightened risk sentiment towards Solana.
Solana (SOL) Ethereum (ETH) August Growth 1.07% 15.75% Quarterly Return 12.8% 72% Whale Pressure Extremely high, quick sell-off Stable, attracting capital flow Price Momentum Weak, heavily sold Sustainable, strong growth
How is the large unstaking action from Alameda Research creating pressure?
Data shows that Alameda Research has unstaked 35 million USD SOL, an amount that was locked since late 2020 when it was only worth 350,000 USD – yielding a profit increase of 100 times for this investor.
Profit-taking after a strong growth cycle often has a significant impact on market sentiment, easily triggering domino sell-offs from other holders. This is the first time since the liquidity collapse that Alameda has taken such a strong action, raising concerns about an increase in SOL supply 'flowing to' exchanges, which will increase short-term selling pressure.
Alameda's unstaking of 35 million USD is not merely profit-taking; it is also a psychological push to the entire market, warning other holders to be cautious of short-term distribution pressure.
– Excerpt from Arkham report, August 2025.
Nevertheless, SOL's price has remained above 170 USD thanks to strong buying support, at least during the early trading sessions of August. However, the long-term trend still needs to be reassessed if further large distributions emerge.
What factors will determine Solana's short-term trend?
Alongside the actions of whales and large entities, technical support factors and overall sentiment will determine SOL's short-term price trend.
The scenario of maintaining the 170 USD support alongside speculative capital continuing to absorb low prices will help SOL stabilize its accumulation again. Conversely, if 170 USD is breached with large volume and the Net Position turns negative, the risk of a deep drop similar to previous capitulation stages is very high.
Real-time capital flow mapping into the market and liquidity indicators (order book, spread) will be important 'tools' for investors to assess the likelihood of a reversal or continued distribution in each trading session.
What indicators should SOL investors closely monitor?
In addition to the 170 USD support level, several indicators that need special monitoring include total sell-off volumes on exchanges, large transfer movements from whale wallets, as well as the number of SOL being unstaked or transferred back to exchanges in short time frames.
Fluctuations in the Net Position on-chain and the funding rate are also signals indicating whether speculative capital is increasing, while also helping to warn of potential sharp fluctuations.
Finally, the ROI correlation between ETH and SOL continues to be an important signal reflecting the trend of capital flow shifting between major assets in the Layer 1 group.
Further forecasts and assessments regarding SOL's short-term and medium-term outlook
While selling pressure is high, the likelihood of a deep drop will only occur if the 170 USD support level is breached, especially when risk-off signals emerge across the market. If demand remains stable and new capital returns, SOL still has the opportunity to recover towards 185 – 200 USD.
However, compared to Ethereum's strong growth, Solana is currently ranked weaker in terms of capital flow and market confidence. If it does not regain its appeal soon, the risk of being outcompeted and falling behind in ROI is quite clear.
Some experts recommend that investors wait for confirmation of technical signals at important support levels before increasing positions, while also limiting FOMO during volatile periods, as whales dominate liquidity.
Maintain a neutral stance towards SOL, but continuously update changes in capital flow and large holder sentiment. Any spike in volume/unstaking could quickly reverse the trend.
– Senior Market Analyst, Glassnode, 2025.
Frequently Asked Questions
1. Why is the 170 USD support level important for Solana?
170 USD is the key technical support boundary, where previous sell-offs have often triggered a new wave of deep declines if breached. The stability of this price range will determine short-term investor sentiment.
2. What is the role of large whales in SOL price fluctuations?
Whales control a massive supply flow; each time tens of millions of USD SOL are sold, it can cause the price to drop sharply and create panic that spreads throughout the market.
3. How does Alameda Research's unstaking action affect the market?
The unstaking of 35 million USD by Alameda has created both significant supply pressure and psychological impact, causing many small holders to be concerned about the risk of a new sell-off.
4. What is Net Position and what does it mean for SOL?
Net Position measures the ratio of long-term capital flow held; if it remains positive, it indicates that large holders still have expectations, whereas a negative shift will be an early signal of a deep drop.
5. Why is ETH rising sharply while SOL is rising weakly?
Investment capital is prioritizing Ethereum due to perceived lower distribution risk, a stable ecosystem, and better liquidity compared to SOL at this stage.
6. What should small investors do in response to whale selling pressure?
It is advisable to closely monitor technical support levels, limit chasing buys during whale sell-offs, and wait for confirmation of real capital flow trends before increasing positions.
7. How to properly track the movements of SOL whales?
Use on-chain analysis platforms like Arkham and Glassnode to update large wallet movements, the amount of SOL transferred to exchanges, thereby forecasting price fluctuations earlier.
Source: https://tintucbitcoin.com/solana-giu-moc-170-usd-sau-unstake/
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