Solana (SOL) Investors witness the rising volatility as an increase in whale activity, signales deadly Sales pressure on the market. Despite a strong rally above $ 250 earlier in September, the market sentiment seems to be shifting, with Whale deposits in centralized exchanges Hintend on potential headwind. Recently, a stunning 312,233 Sol tokens in Coinbase were deposited, so that concern is fueled that whales can position for a considerable profit.
Solana Whale deposits signal Rising sales pressure
Blockchain tracker whale alert reported One of the largest Solana transfers in recent weeks, with 312,233 Sol with a value of approximately $ 75.1 million, moved from an unknown wallet to Coinbase Institutional on September 21. The size and timing of this large -scale transfer immediately increased to assure Those whales can be positioned to sell.
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Whale alert had before this transfer marked Another massive transaction of 227,928 Sol, worth around $ 54.5 million, which is led to Coinbase on the same day. Together, these two deposits may represent more than $ 129 million in Solana at stake to be sold.
The implications of such movements are considerable, as usually large holders Send tokens to exchange with the intention of sellingFinally add a considerable downward pressure on the market. Remarkable, Solana’s price rally in September is fed by a strong question; However, these recent transfers increase the risk of oversupply, especially because token is floating around $ 224. If whales continue with the sale, this can reduce the Bullish Breakout attempt by Sol Cap and reduce the price Lower support zones.
Interesting is that this is not the first time that Solana has to do this month with similar whale-powered headwinds. A little more than a week ago look monchain, blockchain analytics platform reported Dump multiple whale in different crypto fairs. A wallet tagged “cmjihu” collapsed 96,996 Sol ($ 17.45 million) in Coinbase, while “5pjmxa” moved 91,890 Sol ($ 15.98 million) to Kraken. The same day, another wallet “Hin7SS” transferred 37,658 Sol ($ 6.73 million) to Binance, achieving a win of $ 1.63 million. These earlier transfers, combined with the latest intake, show a pattern of Whales steadily reduce their exposure As the market sentiment shifts.
Sol Momentum weakened under heavy sale
Crypto analysts now regard Solana as at a crucial intersection, where Strong basic principles Collision with increasing sales pressure and technical risks. Mark expert Tom Tucker notes That SOL increased more than 150% in 2025, but the rally shows signs of fatigue. The graph of the analyst reveals rising wedge formation, often a precursor of a breakdown, combined with weakening momentum indicators.
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The Relative strength -Index (RSI) is narrowed to a triangle, which suggests that indecision, while the MACD has flattened after months. This setup, in combination with heavy whaling deposits in trade fairs and rising sales pressure, underlines growth Possibility of a withdrawal in the short term.
Yet the outlook is not entirely bearish. Tucker points out optimism around a potential Solana ETFthe coming Alpine glow -upgradeAnd steady treasury accumulation as fundamental factors that could increase the long-term growth of SOL.
Featured image of Istock, graph of TradingView.com