Solana’s SOL token could experience a price fluctuation of around 6% following selling activity by large investors, also known as whales, ahead of the release of the U.S. non-farm payroll (NFP) report today. This prediction is based on Volmex’s one-day implied volatility index (IV), which currently stands at an annualized reading of 109.7%, indicating a predicted price volatility of 5.74% over the next 24 hours. Although this level is moderate compared to recent volatility spikes, it still represents significant market fluctuation. Data from blockchain analysis firm Lookonchain shows that several whales have sold approximately $46.3 million worth of SOL in recent days. Historically, such large-scale selling by whales can trigger bearish price movements. However, today’s sales represent just 0.97% of the cryptocurrency’s 24-hour trading volume of $4.7 billion. Consequently, SOL is currently trading relatively unchanged at around $116 after hitting a low of $112 on Thursday. The downward trend in Solana prices began when it peaked at $295 on January 19th. 8As the U.S. jobs report is released today, traders are closely following the anticipated number of new job openings and the unemployment rate. Experts predict an addition of 130,000 jobs in March, a decrease compared to February’s 151,000. This potential slowdown might further fuel expectations for four interest-rate cuts by the Federal Reserve this year, potentially leading to renewed interest in risk assets like cryptocurrencies.