SOLS priceSOLS

According to Lookonchain, an address spent 1 sol to purchase 19.79 million Mundi tokens in the early stage, and started selling them for profit four days ago. Currently, 1,428 SOLs (worth $336,900) have been exchanged, and 1.6 million Mundi (worth $99,000) are still held, with a profit of more than $435,000 and a yield of 2,580x.

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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