Whales Sell, ETF Hype Builds — Can Solana Hold $200?

Solana (SOL) is currently caught between two opposing forces: whale wallets transferring large amounts of tokens to exchanges, and growing optimism surrounding the soon-to-launch SOL ETF. The key question arises amid short-term sell pressure and improving macro sentiment: Can SOL hold the $190–200 support zone to ignite a new bullish wave? Whale Sell-off or Portfolio Rebalancing? Recent on-chain data shows notable movements in Solana holdings. Forward Industries reportedly transferred around $192 million worth of SOL to Coinbase, while Galaxy Digital moved 250,000 SOL (≈$50 million) to Binance. Such large deposits are often interpreted as potential selling signals from institutional or whale investors source: https://beincrypto.com/whales-sell-etf-hype-builds-can-solana-hold-200/