Solana Faces Price Pressure Amid Whale Selling Spree

On April 5, 2025, the Solana blockchain faced a significant sell-off from major holders, leading to concerns about its future price trajectory.

Solana Whales Dump $46 Million in SOL in a Day

Multiple Solana whale addresses dumped over $46 million worth of SOL tokens in one day on April 5th. The altcoin’s on-chain data revealed that several large holders unstaked and sold a massive volume of SOL, sparking fears of a deeper price correction. According to Lookonchain, wallet address HUJBzd led the exodus by selling 258,646 SOL worth approximately $30.3 million. Other addresses, including BnwZvG, 8rWuQ5, and 2UhUo1, also sold significant amounts of SOL, adding up to a combined $46.3 million worth of SOL dumped within a short window. If broader sentiment remains bearish and key support levels fail to hold strong, the altcoin could dip further.

Solana Faces Defining Level At $120 – Will History Repeat?

Solana continues to face selling pressure as it struggles to reclaim the $150 level, with broader market uncertainty impacting price action. Down nearly 60% from its all-time high, Solana reflects the weakness across the crypto sector, dominated by fear and volatility. Macroeconomic instability and risk-off behavior persist, shaking investor confidence. Top crypto analyst Ali Martinez identified $120 as a critical level for Solana, marking major shifts in its price trajectory.

Best Meme Coins to Buy as Solana TVL Reaches All-Time High

Solana has continued to attract deposits and hold its #2 position as far as TVL (Total Value Locked) is concerned. Despite SOL’s falling price, which has declined by more than 60% since mid-January and tested its support of $113 twice in the last week, its TVL numbers in April were the highest they have been since June 2022. This shows investors’ belief in the Solana ecosystem. The recent 15% decline can be attributed to Solana’s unlocking event on April 4th. Read further to understand the significance behind Solana’s rising TVL and how you can maximize your earnings by investing in the best meme coins.

Solana Eyes $135 as Long-Term Holders Accumulate

Solana has seen signs of stabilization with long-term holders (LTHs) driving the largest accumulation in six months. The HODLer Net Position Change for Solana has been positive for the past four days, signaling confidence from long-term investors. This shift could indicate a potential price rise for Solana, provided the current trend holds.