From Coinpedia · By Shubham Vishwakarma
Story HighlightsSolana price slips below the psychological $100 mark as selling pressure intensifies.
Three potentially linked wallets moved 482,228 SOL worth $49.17 million over three days, with $17.3 million deposited to exchanges.
SOL faces immediate support near $97–$98, while a breakdown could expose the $93–$96 zone.
Solana price has fallen below the key $100 level, putting its near-term recovery at risk as large holders move millions of dollars worth of tokens. Over 482,228 SOL worth approx $49.17 million over three days already reaching exchanges, traders are watching whether whale activity could add further pressure to an already weakening price trend.
Solana Whales Move $49 Million in SOL: Is Selling Pressure Rising?
Large SOL transfers have added another concern for traders as the token struggles to hold its recent support levels. According to on-chain data, three wallets suspected of belonging to the same whale moved 482,228 SOL worth approximately $49.17 million over three days. Of that amount, 171,430 SOL, valued at around $17.3 million, had been deposited to exchanges. The remaining 310,798 SOL had not been confirmed as deposited to exchanges in the reported update.
Exchange deposits can signal potential selling pressure because tokens become more readily available for trading. However, transfers alone do not confirm that the assets have been sold, and the wallets’ common ownership has not been established conclusively.
Solana Price Analysis: SOL Breaks Below $100 as Key Support Weakens
Solana’s price chart shows a pullback from its October highs around $125–$130, with SOL price returning to the $100 region. The latest breakdown puts the focus on whether buyers can reclaim this psychological level or whether the decline will extend. The $97–$100 area is the first important zone to watch. The crucial support is near $98.50, with the next potential demand area between $93 and $96.
If SOL recovers above $100 and moves through the nearby $102–$105 resistance range, it could signal that buyers are regaining short-term control. A sustained move above this range would help stabilise the chart, although resistance remains overhead. On the downside, a decisive break below the $97–$98 support area could expose SOL to further losses toward $93–$96. If selling accelerates through that zone, traders may look toward lower support areas. Whale transfers could add to the pressure if they translate into actual selling, but price action and exchange flows will be needed to confirm that risk.
Can Solana Reclaim $100 or Fall Toward $95?
Solana’s immediate outlook hinges on its ability to reclaim $100 and hold above nearby support. A recovery toward $102–$105 would improve the short-term technical picture, while continued weakness below $97–$98 could bring the $93–$96 region into focus.