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Solana Whales Drive $54M Liquidity Movement, Raising Concerns Over Market Volatility

Solana Whales Drive $54M Liquidity Movement, Raising Concerns Over Market Volatility

Bitget-RWA2025/09/26 16:20
By:Coin World

- Two Solana whales deposited 277,000 SOL ($54.23M) into a CEX, sparking volatility concerns amid bearish price indicators. - Whale activity in Solana's ecosystem historically correlates with short-term sell pressure and liquidity shifts as large holders move assets to exchanges. - Recent deposits follow a pattern of whale-driven inflows, potentially testing critical support levels like $195–$200 amid broader crypto market uncertainty. - Analysts warn whale liquidation could amplify cross-asset volatility,

Solana Whales Drive $54M Liquidity Movement, Raising Concerns Over Market Volatility image 0

Within the last three hours, two major holders transferred a combined 277,000

(SOL) tokens to a centralized exchange (CEX), with an estimated value of $54.23 million as of September 27, 2025 Bitcoin, ETH, XRP, SOL Max Pain Prices Ahead of Historic $23B … [ 4 ]. This substantial movement has caught the eye of market experts, who are closely watching for its possible effects on Solana’s price trends and the overall mood in the crypto market. The transfer, originating from two separate whale wallets, fits into a larger pattern of increased whale activity in the Solana ecosystem—a trend that has historically been linked to greater volatility and short-term downward price pressure 113,207 SOL Whale Deposit to Exchanges: $23.65M Transfer and $1.81M Unrealized Loss Signals Liquidity Watch for SOL (SOL) | Flash News Detail | Blockchain.News [ 1 ].

Blockchain data shows that when large holders move assets to exchanges, it often signals upcoming liquidity changes, as these actions can increase available supply and potentially spark price drops if followed by selling 113,207 SOL Whale Deposit to Exchanges: $23.65M Transfer and $1.81M Unrealized Loss Signals Liquidity Watch for SOL (SOL) | Flash News Detail | Blockchain.News [ 1 ]. The latest deposit of 277,000

to a CEX comes after other significant whale transactions on the Solana network. For example, earlier this month, wallet HsYrgw sent 113,207 SOL (worth $23.65 million) to an exchange, incurring an unrealized loss of $1.81 million at current prices 113,207 SOL Whale Deposit to Exchanges: $23.65M Transfer and $1.81M Unrealized Loss Signals Liquidity Watch for SOL (SOL) | Flash News Detail | Blockchain.News [ 1 ]. Likewise, whale CMJiHu moved 96,996 SOL ($17.45 million) to Coinbase, and wallet 5PjMxa transferred 91,890 SOL ($15.98 million) to Kraken Solana Whales Spark Fears as $129M in SOL Moves to Exchanges [ 2 ]. Collectively, these large deposits point to a trend among whales that could put downward pressure on SOL’s price.

The timing of the 277,000 SOL transfer comes at a crucial moment for Solana, as the token is currently facing strong bearish signals. Technical analysts have observed that SOL’s price is consolidating near major resistance, with the $200–$220 range serving as a key area for short-term price direction. The recent influx of whale-held tokens onto exchanges could intensify short-term selling, especially if traders interpret these moves as profit-taking or capitulation. According to blockchain analytics firm Glassnode, large inflows to exchanges often precede periods of increased volatility, as whales may be selling to secure profits or to hedge against broader economic risks 113,207 SOL Whale Deposit to Exchanges: $23.65M Transfer and $1.81M Unrealized Loss Signals Liquidity Watch for SOL (SOL) | Flash News Detail | Blockchain.News [ 1 ].

Analysts are also considering the wider context of Solana’s ecosystem, which includes a rise in institutional involvement and a trend toward self-custody. Since March 2025, SOL balances on exchanges have dropped by 27.4%, while staking now represents 64% of the circulating supply, further limiting liquidity on centralized platforms Data: A certain whale deposited 527,600 SOL into CEX, worth … [ 3 ]. However, the recent whale deposits may temporarily reverse this trend by bringing significant amounts back onto exchanges, potentially challenging important support levels like $195–$200. Experts caution that if selling accelerates, it could lead to a breakdown in SOL’s price, especially given the token’s sensitivity to macroeconomic factors such as interest rates and regulatory shifts Solana Whales Spark Fears as $129M in SOL Moves to Exchanges [ 2 ].

The effects of these whale transactions go beyond Solana, impacting the broader crypto market. With over $21 billion in

and options set to expire on September 26, 2025, traders are preparing for increased volatility across major cryptocurrencies. The large Solana deposit adds to this uncertainty, as whale-driven liquidity changes could heighten correlations between assets. For instance, a sharp drop in SOL’s price could affect both Ethereum and Bitcoin, given their interconnected trading activity and institutional exposure Solana Whales Spark Fears as $129M in SOL Moves to Exchanges [ 2 ]. Derivatives exchanges like Deribit have noted high open interest in Solana options, with the max pain point at $195, which may act as a potential support level for price corrections.

To sum up, the movement of 277,000 SOL to a CEX marks a major liquidity event that highlights the volatility of the crypto market. While Solana’s long-term prospects—such as its Alpenglow upgrade and increasing institutional participation—remain positive, the immediate impact of whale activity could challenge key price levels and sway overall market sentiment. Market participants should keep an eye on on-chain data, exchange flows, and broader economic trends to navigate these developments.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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