Solana Faces Deadly Selling Pressure After 312,233 | Solana News

Solana (SOL) buyers are witnessing rising volatility as a surge in whale exercise indicators lethal promoting stress within the market. Despite a sturdy rally above $250 earlier in September, market sentiment seems to be shifting, with whale deposits into centralized exchanges hinting at potential headwinds forward. Most just lately, a staggering 312,233 SOL tokens had been deposited into Coinbase, fueling considerations that whales could also be positioning for important profit-taking. 

Solana Whale Deposits Signal Rising Selling Pressure

Blockchain tracker Whale Alert reported one of the most important Solana transfers in latest weeks, with 312,233 SOL valued at roughly $75.1 million, moved from an unknown wallet to Coinbase Institutional on September 21. The dimension and timing of this large-scale switch instantly raised considerations that whales might be positioned to sell. 

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Before this switch, Whale Alert had flagged one other large transaction of 227,928 SOL, price round $54.5 million, being funneled into Coinbase on the identical day. Together, these two deposits signify more than $129 million in Solana probably at stake of being offered off.

The implications of such strikes are important, as massive holders usually ship tokens to exchanges with the intention to sell, finally including appreciable downward stress to the market. Notably, Solana’s price rally in September has been fueled by sturdy demand; nevertheless, these latest transfers raise the risk of oversupply, notably because the token hovers round $224. If whales comply with by with the promoting, it might cap SOL’s bullish breakout attempt and drive the price back to decrease help zones. 

Interestingly, this isn’t the primary time Solana has confronted comparable whale-driven headwinds this month. Just over a week in the past, blockchain analytics platform Lookonchain reported a number of whale dumpings into numerous crypto exchanges. A wallet tagged “CMJiHu” deposited 96,996 SOL ($17.45 million) into Coinbase, whereas “5PjMxa” moved 91,890 SOL ($15.98 million) to Kraken. The identical day, one other wallet “HiN7sS” transferred 37,658 SOL ($6.73 million) to Binance, securing a revenue of $1.63 million. These earlier transfers, mixed with the newest inflows, show a sample of whales steadily decreasing their publicity as market sentiment shifts.

SOL Momentum Weakens Under Heavy Selling

Crypto analysts now view Solana as being at a pivotal crossroad, the place sturdy fundamentals conflict with mounting promoting stress and technical dangers. Market professional Tom Tucker notes that SOL has climbed more than 150% in 2025, however its rally is displaying indicators of fatigue. The analyst’s chart reveals a rising wedge formation, usually a precursor to a breakdown, mixed with weakening momentum indicators.  

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The Relative Strength Index (RSI) is narrowing into a triangle, suggesting indecision, whereas the MACD has flattened after months of energy. This setup, when paired with heavy whale deposits into exchanges and rising sell stress, underscores the growing risk of a short-term pullback. 

Yet, the outlook will not be totally bearish. Tucker factors to optimism surrounding a potential Solana ETF, the upcoming Alpenglow improve, and regular treasury accumulation as elementary drivers that might prolong SOL’s long-term growth.

Featured image from iStock, chart from Tradingview.com