Solana Under Pressure After Whale Dumps Massive Holdings

A major whale transaction has shaken Solana’s market, as a significant sale of 60,289 SOL worth $7.67 million in USDC sent waves through the crypto community. This sale at key support level near $127, has triggered concerns about potential market downturn or rebound. Despite this sell-off, Solana’s robust network growth continues to inspire optimism about its long-term stability. 🔎 Is this a sign of weakness or a strategic move? Our latest analysis dives into the implications of this whale transaction, offering insights into the current market dynamics and future direction for SOL.