• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Solana Price Falls 5% as Whale Activity Triggers Decline

user avatar

by Giorgi Kostiuk

a year ago

Solana's current market situation has attracted investor attention following a significant transaction that led to a notable drop in token value.

Whale Activity Triggers Solana Price Decline

The 5% price decline of Solana is linked to a large transaction on the Kraken exchange. Tokens valued at $20.49 million were transferred from a wallet belonging to Pump Fun.n, leading to a 51.48% increase in trading volume.

Pump fun: Fee Account transferred about 98,594 SOL to Kraken at 1:04 UTC+8 today through a wallet: 8sp5im...Rac3sM, worth about 20.49 million US dollars. Currently, pump fun still holds 15,721 SOL and 101,102 JITSOL, with a total value of about 27.10 million US dollars.Wu Blockchain

Market Metrics Indicate Volatility

Solana's market capitalization fell by 5.08% to $95.41 billion. The trading volume rose to $5.21 billion, largely due to the whale transaction. Currently, 81.7% of available tokens are being traded, highlighting market volatility.

Solana Support and Resistance Levels

Key support and resistance levels impact Solana's near-term trend. The $194 level is the initial support, with a threat of increased selling pressure below it. Breaking the $200 level could signal a potential trend reversal.

Whale activity significantly impacts Solana's price, leading to short-term fluctuations. Future recovery will depend on the market's supply and demand balance.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bybit Enhances USDC Trading Ecosystem with New Fee Structure

chest

Bybit announces significant enhancements to its USDC trading ecosystem, including an optimized fee structure and liquidity improvements for spot and futures trading pairs, effective March 23, 2026.

user avatarBayarjavkhlan Ganbaatar

Fidelity Digital Assets Makes Case for Bitcoin in Institutional Portfolios

chest

Fidelity Digital Assets has published a research report advocating for the inclusion of bitcoin in institutional investment portfolios, emphasizing its historical performance and the need for a rationale for maintaining a zero position.

user avatarMohamed Farouk

Mortgage Rates Remain Elevated, Affecting Homebuyers

chest

Mortgage rates remain high, affecting affordability and buyer behavior in the housing market.

user avatarElias Mukuru

Ethereum Struggles with Resistance as US-Iran Tensions Rise

chest

Ethereum is facing key resistance at the realized price of 2,306, with potential risks of dropping below 2,000 due to ongoing US-Iran tensions.

user avatarDiego Alvarez

Human Trafficking Operations Uncovered in Cambodia

chest

Investigations reveal that compounds in Cambodia were used to lure workers into forced online fraud operations.

user avatarKenji Takahashi

UK Enforces Sanctions Against Xinbi for Role in Crypto Fraud

chest

British enforcement agencies have announced sweeping sanctions against Xinbi, a digital asset exchange involved in online fraud and human trafficking in Southeast Asia.

user avatarMaria Fernandez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.