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The recent actions of the Solana whale, which has pulled out of steaking and selling its assets on Binance, has raised concerns about the sustainability of the current SOL price rise In the past, sales of the Solana whale have caused SOL to fall by double digits. We dissect whether history will repeat itself again, or whether retail investors will be able to protect the current price rise. Whale Solana has decided to lock in profits According to Solscan, the Solana whale recently took 100,000 SOL tokens out of steaking and transferred them to cryptocurrency exchange Binance. This comes just three days after the same investor withdrew 100,000 SOL tokens from steaking and transferred the assets to the same exchange. Whale's decision to move his SOL assets to Binance is likely due to a desire to capitalize on the current price increase. The coin has risen in value by 9% over the past seven days. However, this growth could face resistance if Whale continues to sell off. Historically, his sales have had a significant impact on the SOL price, as was the case between June 7 and July 7, when he dumped 1.2 million SOLs worth $178 million, causing the price to drop from $170 to $128. Nevertheless, positive indicators still prevail. The Parabolic Stop and Reverse (SAR) indicator points below the SOL price, indicating a strong uptrend. In addition, the Chaikin Money Flow (CMF) indicator at 0.27 indicates high buyer interest and confirms the bullish bias on Solana. SOL Outlook: Whale vs. the rest Sustained buying pressure from other market participants may offset the impact of the whale's actions. If the bullish momentum continues, Solana could rise to the resistance level of $160.09. Successfully overcoming this critical level will open the way for SOL to reach $188.74. However, if the whale continues to sell its assets for profit, history could repeat itself. In this case, the price may fall by 27%, to the neighborhood of $110.

The recent actions of the Solana whale, which has pulled out of steaking and selling its assets on Binance, has raised concerns about the sustainability of the current SOL price rise In the past, sales of the Solana whale have caused SOL to fall by double digits. We dissect whether history will repeat itself again, or whether retail investors will be able to protect the current price rise. Whale Solana has decided to lock in profits According to Solscan, the Solana whale recently took 100,000 SOL tokens out of steaking and transferred them to cryptocurrency exchange Binance. This comes just three days after the same investor withdrew 100,000 SOL tokens from steaking and transferred the assets to the same exchange. Whale's decision to move his SOL assets to Binance is likely due to a desire to capitalize on the current price increase. The coin has risen in value by 9% over the past seven days. However, this growth could face resistance if Whale continues to sell off. Historically, his sales have had a significant impact on the SOL price, as was the case between June 7 and July 7, when he dumped 1.2 million SOLs worth $178 million, causing the price to drop from $170 to $128. Nevertheless, positive indicators still prevail. The Parabolic Stop and Reverse (SAR) indicator points below the SOL price, indicating a strong uptrend. In addition, the Chaikin Money Flow (CMF) indicator at 0.27 indicates high buyer interest and confirms the bullish bias on Solana. SOL Outlook: Whale vs. the rest Sustained buying pressure from other market participants may offset the impact of the whale's actions. If the bullish momentum continues, Solana could rise to the resistance level of $160.09. Successfully overcoming this critical level will open the way for SOL to reach $188.74. However, if the whale continues to sell its assets for profit, history could repeat itself. In this case, the price may fall by 27%, to the neighborhood of $110.

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Today, a large investor bought 34,807 Solana (SOL) tokens worth over $4 million in a single transaction. Let's see if this will support the price of the altcoin Different Solana Whale Strategies This morning, the Solana whale bought 34,807 SOL tokens worth $4.52 million as part of an accumulation strategy. Since February, the same whale has moved approximately 207k SOLs (over $29 million) into personal storage. After today's purchase, the investor has placed 115,135 SOL tokens (about $15.3 million) on steaking. Meanwhile, another whale has opted for a more bearish strategy. Resource Lookonchain tracked its steady sales through a series of posts on social network X (formerly Twitter). On Tuesday, the address sold 20,000 SOL tokens worth $2.66 million.In total, this whale has sold 715,000 SOLs worth about $102 million since the beginning of the year.Despite these sales, the whale still owns a significant stake in SOL of 1.84 million tokens (about $246 million). Trading volume on the Solana derivatives market, meanwhile, jumped 35% due to longlist activity. According to Coinglass, the SOL funding rate on cryptocurrency exchanges has remained positive since the weekend, standing at 0.0043% at the time of publication. This means that more traders are buying up the altcoin in anticipation of a rise rather than expecting a fall. Read about why analysts consider the chances of Solana-ETF approval “almost zero” in our latest article. SOL forecast: 17% growth is possible At the time of writing this analysis, SOL is trading at $134.05, up 3% overnight. This is slightly above the short-term resistance at $133.37. Meanwhile, rising Relative Strength Index (RSI) values indicate a steady increase in demand for Solana. If the level of interest in the altcoin does not decrease in the near future, the price growth will continue. In this case, the coin will be able to grow by 17% and reach $159.90. However, if traders start actively taking profits, Solana risks losing some of its recent gains and will probably fall to $109.66.