Solana Registers $470 Million Selling in 3 Days, Price Fell to $150
Solana (SOL), one of the top cryptocurrencies by market capitalization, has witnessed intense selling pressure over the past three days, with a staggering $470 million worth of SOL offloaded by investors. This massive sell-off has led to a sharp decline in its price, which dropped from around $180 to $150—marking a nearly 17% loss in value.
The decline is being attributed to a combination of profit-taking by long-term holders and growing concerns over broader macroeconomic factors, including uncertainty around interest rates and regulatory scrutiny in the crypto space. On-chain data shows large outflows from major wallets and crypto exchanges, pointing to institutional and whale-level selling.
This recent volatility comes after a strong performance by Solana earlier in the year, during which it rallied on the back of renewed interest in high-throughput blockchain platforms and expanding use cases in decentralized finance (DeFi) and non-fungible tokens (NFTs). However, with Bitcoin and Ethereum also facing pressure, Solana was not immune to the broader market downturn.
Analysts suggest that while the $150 level is a key psychological and technical support, a further break below could trigger more downside. Some traders are watching the $135–$140 range as a potential next floor if selling continues.
Despite the short-term correction, Solana’s fundamentals remain strong. The network continues to process high volumes of transactions at low cost, and developer activity remains vibrant. Still, the market's immediate focus is on whether Solana can stabilize above $150 and reclaim upward momentum.
Investors are advised to monitor both market sentiment and broader crypto trends, as further liquidation from large holders or additional macro headwinds could put more pressure on SOL prices.
As the market seeks direction, all eyes remain on Solana’s ability to weather this wave of selling and retain investor confidence in the coming days.
