“Many whales unstaked and dumped SOL today,” reported blockchain analytics platform Lookonchain on April 4.
It highlighted four transactions of over $3 million worth of the Solana native token, the largest of which was a whopping 258,646 SOL worth around $30 million.
The Solana selloff has been a result of the meme coin bubble bursting as the asset has dumped by 60% in just over two months.
Many whales unstaked and dumped $SOL today!
HUJBzd dumped 258,646 $SOL($30.3M).
BnwZvG dumped 80,000 $SOL($9.47M).
8rWuQ5 dumped 30,000 $SOL($3.53M).
2UhUo1 dumped 25,501 $SOL($3M).
Address:https://t.co/mCaB45W6pVhttps://t.co/wjhEwyZgFHhttps://t.co/Waqe4cxvbP… pic.twitter.com/kc1Q5GEKIX
— Lookonchain (@lookonchain) April 4, 2025
Major Solana Unlock
There was also around $200 million worth of Solana being unlocked on April 4, which is adding to the selling pressure. Arkham Intelligence said it “marks the largest single-day unlock of staked SOL until 2028.”
CoinNess Global reported that
We współpracy z: https://cryptopotato.com/solana-whales-dump-sol-amid-major-token-unlock/
