Solana’s Price Steady Amid Whale Activity

Solana’s price remains steady despite 5.52M SOL unstaked and 3.54M SOL deposited into Coinbase Prime. The Total Value Locked (TVL) in Solana’s Liquid Staking has also remained stable, indicating potential whale repositioning.

Whale Unstaking Trends

In the past 12 hours, significant unstaking activity, particularly by five major whale accounts, resulted in 5.52 million SOL—valued around $810 million—being released. Additionally, 3.54 million SOL (approximately $516 million) was deposited into Coinbase Prime. Such movements can signal important shifts in investor sentiment and liquidity.

Staked SOL Trends: Whales Exiting?

The TVL in Solana’s Liquid Staking Platforms (LSTs) shows broader staking trends. While recent whale unstaking represents a significant movement, the overall staking TVL has remained stable. This indicates that the activity might be a strategic maneuver by a few large holders rather than a mass exit. The total staked across all LSTs is around 37 million SOL. History shows that large unstaking events don’t always lead to prolonged downturns; if the deposited SOL remains inactive or transitions into other investment channels, the price impact may be less severe.

Price Action During Whale Unstaking

Despite the significant unstaking and exchange deposits, Solana’s price has shown strength. In the last 12 hours, SOL recovered from an earlier dip, indicating a demand from buyers. Typically, such movements create selling pressure; however, SOL has stabilized, reflecting trader confidence. There was an 11% uptick earlier, trading as high as $148. The Moving Average Convergence Divergence (MACD) suggests weakening bearish momentum, while moving averages, however, indicate a longer-term downtrend.

Future Outlook for SOL

The key point from recent activities is that Solana has maintained its firmness against whale repositioning and deposits. Investor behavior indicates strong overall market confidence. Ongoing monitoring of exchange inflows, staking redeployment, and liquidity absorption will be vital for determining SOL’s next steps. If SOL sustains price stability despite large transfers, it could indicate significant underlying demand. Conversely, if more large unstaking events occur without adequate counterbalancing demand, it could result in short-term volatility. Currently, SOL finds itself in a critical phase, balancing strong support levels against potential market shifts driven by whale activities.