Solana (SOL) Price: Whale Moves, ETF Uncertainty, and Bearish Indicators
- The short-term outlook for Solana has turned cautious due to several key factors.
- The U.S. SEC has delayed its decision on the Franklin Templeton spot Solana ETF.
- A whale also swapped $11.4M of SOL for a staking token, signaling a shift in strategy.
Several warning signs are emerging for Solana (SOL), as a combination of on-chain whale behavior, regulatory headwinds, and a bearish technical setup create a cautious short-term outlook for the asset. The developments come after SOL has already experienced a notable price pullback.
This follows a period of significant optimism for Solana, but new data points suggest the trend may be shifting.
Whale Move and ETF Delay Fuel Uncertainty
A recent post by Onchain Lens revealed a notable whale transaction: 77,160 SOL (worth approximately $11.42 million) was swapped for 63,758.63 JitoSOL, a liquid staking derivative.
While this doesn’t represent a market exit, it does suggest a shift toward yield-bearing positions without losing network exposure—typically a move seen during periods of anticipated sideways or bearish price action. Whales preparing for passive income over price appreciation could indicate fad…
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Solana (SOL) Price: Whale Moves, ETF Uncertainty, and Bearish Indicators
- The short-term outlook for Solana has turned cautious due to several key factors.
- The U.S. SEC has delayed its decision on the Franklin Templeton spot Solana ETF.
- A whale also swapped $11.4M of SOL for a staking token, signaling a shift in strategy.
Several warning signs are emerging for Solana (SOL), as a combination of on-chain whale behavior, regulatory headwinds, and a bearish technical setup create a cautious short-term outlook for the asset. The developments come after SOL has already experienced a notable price pullback.
This follows a period of significant optimism for Solana, but new data points suggest the trend may be shifting.
Whale Move and ETF Delay Fuel Uncertainty
A recent post by Onchain Lens revealed a notable whale transaction: 77,160 SOL (worth approximately $11.42 million) was swapped for 63,758.63 JitoSOL, a liquid staking derivative.
While this doesn’t represent a market exit, it does suggest a shift toward yield-bearing positions without losing network exposure—typically a move seen during periods of anticipated sideways or bearish price action. Whales preparing for passive income over price appreciation could indicate fad…
The post Solana (SOL) Price: Whale Moves, ETF Uncertainty, and Bearish Indicators appeared first on Coin Edition.
Read More