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Solana’s price fell to $ 116, marking a 12% drop in last week in the midst of increasing concerns concerning major investors selling their assets. According to reports, several adults cryptocurrency holders, known as “whales”, not taken and have moved around 46 million dollars GROUND Discussions, fueling the downward trend.
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Four major portfolios conduct a wave of sale
According to the cryptocurrency instructor LookonchainFour portfolio addresses represented the massive exchange of funds. The largest seller, “Hujbzd”, has transferred a value of $ 30 million in the discussions. Three other portfolios have also done the same, “BNWZVG” selling $ 9.47 million, “8RWUQ5” transferring $ 3.53 million and “2uhuo1”, transferring $ 3 million in tokens.
These mass transfers generally prefer the lowering feeling on the market because they add a sale pressure to the exchanges. The recent price movement carries this trend, a soil lowering more than 3% in the last 24 hours only.
Lots of whales not poured and thrown away $ Soil Today!
Hujbzd threw 258,646 $ Soil($ 30.3 million).
Bnwzvg has poured 80,000 $ Soil($ 9.47 million).
8rwuq5 thrown 30,000 $ Soil($ 3.53 million).
2uhuo1 thrown 25 501 $ Soil($ 3 million).
Address:https://t.co/mcab45w6pvhttps://t.co/wjhewyzgfhhttps://t.co/waqe4cxvbp… pic.twitter.com/kc1q5gekix
– Lookonchain (@lookonchain) April 4, 2025
Market uncertainty linked to pricing announcements
The wider market for cryptocurrencies was shaken by changes in economic policy. The reports indicate that Bitcoin price The fluctuations were influenced by the announcement by the American president Donald Trump of reciprocal. This uncertainty in the economy has spread to the Altcoin market, Solana being one of the pressure cryptocurrencies.
Based on recent data, the price of bitcoin could still evolve according to stock market trends in reaction to these new rates. Analysts have warned that the entire cryptocurrency market could witness short-term volatility because Bitcoin emulates stock market trends.
Some analysts remain optimistic despite the decreases
Although current figures indicate a downward trend, everyone on the market is not pessimistic. The expert in cryptocurrency Brandon Hong recently expressed an opposite point of view on the social media platform X and wrote: “Sol is about to have its greatest escape.”
Hong forecasts are focused on Solana which may come out of its 400-day commercial range. The analyst encouraged investors to “buy now or regret later”, offering a rare optimistic vision in the midst of global market uncertainty.
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Merchants keep an eye on floor
This divergence in market opinion reflects the volatile nature of cryptocurrency Investments during the economic transition period. The traders remain closely on the solana plan while it sails in these difficult market conditions.
The 30 -day performance for Solana investors is even worse, with figures indicating a 15% drop in the last month. This longer drop corresponds to broader market trends among cryptocurrencies that also depreciated the recent era of economic instability.
While the markets adapt to possible policy changes and large holders continue to move their assets, resolution price actions are always a major reflection of investors’ feeling in the cryptocurrency market. Whether the token follows the downward management involved by the action of the whales or that some analysts provide that certain analysts should be seen in the coming weeks.
Star image of Gemini Imagen, tradingView graphic