Solana’s Struggles Intensify: Why Are Whales Dumping Millions in SOL?

Major cryptocurrency whales are offloading their Solana (SOL) holdings, triggering growing concerns within the market.   This surge in selling activity comes amid Solana’s underwhelming performance, as the altcoin continues to lag behind the broader global cryptocurrency market. Solana’s Price Struggles as Whales Dump Millions in SOL In a recent post on X (formerly Twitter), blockchain analytics firm Lookonchain reported that three whale wallets moved over 226,000 SOL to exchanges in recent hours. The offloading of the stack valued at approximately $40 million signals potential profit-taking or a shift in strategy among large investors source: https://beincrypto.com/solana-price-whale-sell-off/