The recent whale activity in Solana (SOL) has sparked concerns about a potential sell-off. A whale unstaked and deposited 142,896 SOL ($17.08M) to Binance in the past five hours, which could indicate sell pressure ¹. However, it's essential to note that this whale still holds over $60M worth of SOL staked.
To put this into perspective, Solana's current market capitalization is around $63.82B, and its current price is $115.89 ¹. While this whale's move might contribute to short-term volatility, it's crucial to consider the broader market trends and Solana's fundamentals.
Some experts predict that SOL could reach $366.91 in 2025, driven by post-BTC halving effects and network growth ². However, others anticipate potential corrections, with prices possibly dipping to $180 during market volatility.
It's also worth mentioning that Solana's price has experienced significant fluctuations in the past. Its all-time high was $260.06, and its lowest recorded price was $0.5052 ².
Ultimately, whether this is a major correction or routine profit-taking remains to be seen. As with any investment, it's essential to do your own research, consider multiple sources, and manage your risk accordingly.#TrumpTariffs #WhaleMovements $SOL