Solana Price Alert: Whale Moves $198M in SOL — Sell-Off Coming?

• A SOL whale has unstaked 1,366,028 SOL worth around $198 million. 
• The whale sent tokens to FalconX which deposited 440,202 SOL to Binance and Coinbase.
• SOL’s transfer volume has crashed from $1.99 billion in November 2024 to just $14.57 million now.

Solana (SOL) has been slipping, seeing a big drop in price and activity. Over the last month, SOL is down almost 40%, and the price is now around $140.54. That’s a steep drop from its 2024 high of $264. 

While the price crash was part of a bigger market downturn, investors are wondering if SOL can bounce back. 

Whale Activity Sparks Sell-Off Fears

Blockchain analysis platform Lookonchain reported that a whale unfroze 1,366,028 SOL (worth about $198 million) and sent it to FalconX. 

Then, FalconX sent 440,202 SOL ($62.6 million) to exchanges, Binance and Coinbase. This looks like a possible sell-off, adding to negative feelings in the market.

Transfer Volume Plummets, Confidence Wanes

Another big worry is the huge drop in Solana’s total transfer volume. Analyst Ali Martinez notes SOL’s transfer volume has plunged from $1.99 billion in November 2024 to just $14.57 million by February 23. This m…

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