A concerning trend has emerged in the Solana (SOL) market as significant whale transactions point to a potential price decline. Multiple large holdings have recently been liquidated, with some whales unloading millions of SOL tokens at prices below $100. This follows a broad crypto downtrend impacting overall market sentiment and SOL’s price trajectory. 2 million SOL were dumped by 4W1Ree just hours ago, triggering a sell-off that could push SOL to new lows in the coming days. Onchain analytics firm Lookonchain has reported this activity, citing further sales from other prominent investors as well. 4W1Ree’s actions have sparked worry for those closely following the SOL price. The market witnessed a significant drop in SOL’s value between April 3 and April 9, dropping from $117 to $105 before hitting a low of $95. This decline has continued since, with SOL currently trading near $107, down over 15% in the past month, while marking its all-time high at $294 earlier this year. Analysts are closely watching key support levels as the market enters a volatile phase. If SOL struggles to maintain its price above $100, it could face further pressure and fall below that mark. The potential impact of this situation is being analyzed by experts while waiting for any future positive developments.