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- Solana lags behind Ethereum’s gains, struggling to break $200 resistance.
- Whales moved over 226,000 SOL to exchanges, signaling selling pressure.
- $170 support level is critical to preventing further downside.
Solana (SOL) briefly dipped to $173 this week, shedding $15 million in value before quickly rebounding — a sign of persistent buyer demand. However, historical patterns suggest that once SOL breaks key resistance, sharp pullbacks often follow. With recent whale activity showing significant sell pressure, some analysts are questioning whether this resilience can hold.
The cryptocurrency’s performance in August has lagged behind its peers. While Ethereum (ETH) has surged 15.75% this month, SOL has gained just 1.07%, struggling to break past the $200 mark. On a quarterly scale, the gap is even wider — ETH has delivered a 72% ROI, compared to Solana’s 12.8%.
Whale Moves Signal Market Caution
On-chain data shows whales moving over 226,000 SOL to exchanges in recent days. One major holder slashed their position by 71% in less than two days, selling $17.2 million worth of tokens. This coincided with SOL falling below $185, forming a supply wall that could hinder a quick recovery toward $200.
Average whale sale prices around $177 suggest that the recent 4% dip is more than a routine market fluctuation — it’s a clear sign of mounting distribution pressure.
Alameda’s Unstake Adds to Selling Pressure
Further weighing on sentiment, an Alameda Research wallet unstaked $35 million worth of SOL, originally locked since 2020 at just $350,000 — a remarkable 100x gain. While the asset’s Net Position remains positive, supporting consolidation above $170, the alignment of large sell-offs and unstaking activity suggests a coordinated move among major holders.
IS ALAMEDA RESEARCH ABOUT TO DISTRIBUTE $35M OF SOL?
— Arkham (@arkham) August 11, 2025
An Alameda Research staking account just unstaked $35M of SOL that had been staked in late 2020. It was then worth $350K – up 100x since it was initially staked.
Will this be finally returned to creditors? pic.twitter.com/g3ehbfbw92
$170 — Solana’s Line in the Sand
The $170 level now acts as a critical support zone. If it fails, downside risk could accelerate, potentially triggering a wave of short-term selling. For bulls, holding this line is essential to keeping momentum alive.
With buy-side depth still intact but pressure building, Solana’s next moves will likely be dictated by whale behavior and broader market sentiment — making the coming days crucial for its price trajectory.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
Also Read: PUMP Price Jumps 7% as Pump.fun’s Glass Full Foundation Boosts Solana Memecoin Liquidity
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
