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Solana (SOL) Price: Whale Sell-Offs Trigger Market Pressure as Token Hovers at $105
Solana’s token, SOL, has been experiencing significant market pressure in recent days, largely due to the actions of whales and large traders. The cryptocurrency’s price is currently hovering around $105, a level that was previously breached earlier this week.
The recent sell-offs by these large players have triggered an increase in selling pressure on the market, causing a sharp decline in SOL’s value. This downward trend is expected to continue unless substantial buying support can be generated.
Despite Solana’s technological advancements and growing adoption rate, the market seems to be heavily influenced by broader financial trends, such as trade tensions and global economic uncertainty.
Source: https://blockonomi.com/solana-sol-price-whale-sell-offs-trigger-market-pressure-as-token-hovers-at-105/
