Sol, the native token of Solana’s blockchain, draws significant attention from crypto enthusiasts because of its recent price drop and whale activity. Today, on February 25, 2025, a blockchain -based transaction tracker, Crypto Beast, published an article on X (formerly Twitter), declaring: “Binance sells all their Holders Solana”.
Current price momen
This post on X has become viral, drawing significant attention from cryptography enthusiasts and causing a price drop of more than 8% in the last 24 hours. With this substantial drop, soil is currently negotiating nearly $ 143, while its commercial volume during the same period increased by 130%, indicating increased participation of merchants and investors.
https://twitter.com/cryptobeasteral/status/18942904666612412870
The jump into the trading volume does not necessarily indicate a bull or lowering signal. This generally happens when an asset undergoes a significant movement in one or the other direction or undergoes a break or a breakdown, encouraging traders and investors to take measures.
However, in this case, the feeling is negative – the Whales are unloading, prices decrease considerably, which has led to millions of dollars in liquidations.
Solana (soil) technical analysis and price prediction
In addition to Binance selling its Solana holdings, another factor contributing to the Bearish soil trend is the next unlocking of $ 1.7 billion in ground tokens, scheduled for March 1, 2025.
With these developments on the cryptography market, Sol has already lost 45% of its value in the last 30 days and is approaching a crucial level of support at $ 130, which has a solid history of purchasing pressure and price reversals.
According to an expert technical analysis, if soil does not hold this level of support and closes a daily candle below $ 120, there is a high possibility that it can drop by 35%, reaching another level of support at $ 75 at the future.
200 million dollars in ground flow
Despite these lower perspectives, long -term investors and holders seem to accumulate assets, according to the chain analysis company Rinsing. The data from Spot Flow / OUT flowing reveal that the exchanges have experienced nearly $ 200 million in ground in the last 48 hours.
One as important exit from the exchanges suggests potential accumulation and could cause purchase pressure and an increase rally. However, given the current feeling of the market, this remains doubtful.