Solana Whale Sells Stake for $4.18M, Exerting Pressure on Market

A prominent Solana whale, identified as GJwCUj, recently unloaded a significant portion of their SOL holdings, selling 32,195 SOL worth approximately $4.18 million. This move comes after holding the coins for ten months, resulting in a reported $2.04 million loss despite previous trading success. This transaction’s impact on the market is being felt as it impacts liquidity and raises concerns regarding Solana’s volatility, especially following recent price drops.