Solana’s SOL token may experience price fluctuations of around 6% following significant sell-offs by large investors known as whales ahead of the U.S. non-farm payroll (NFP) report later today, according to CoinDesk. This prediction is based on Volmex’s one-day implied volatility index (IV), which currently stands at 109.70% and indicates a predicted 24-hour price volatility of 5.74%. While this level is considered moderate considering recent days of higher volatility, it comes after several days of significant movement in SOL since early March. Blockchain analysis firm Lookonchain reveals that several whales have unstaked and sold around $46.3 million worth of SOL. This type of selling by whales has historically been linked to bearish price movements. However, today’s amount represents only 0.97% of the cryptocurrency’s trading volume of $4.7 billion, making SOL relatively unchanged at approximately $116 after hitting a low of $112 on Thursday. Overall, SOL has seen a downward trend since its peak of $295 on January 19. The upcoming U.S. jobs data release, scheduled for 12:30 GMT, is expected to show an increase in the number of jobs added, potentially leading to rate cuts and potential boosts in risk assets such as cryptocurrencies.