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Solana whale sells $49M in SOL, pushing price below $100 amid market weakness

Market News
27 Oct 2026, 11:30 WIB
Bitcoin
View Source
Bearish
Solana whale sells $49M in SOL, pushing price below $100 amid market weakness

A large Solana (SOL) whale has moved 482,228 SOL worth $49.17 million across three newly created wallets since October 23, with about $17.3 million already sent to exchanges. The selling is steady and strategic to avoid market disruption, and roughly $29 million more remains in these wallets, likely to be sold next. SOL's price has dropped 17% in 30 days and is trading near $99.89, down 66% from its January 2025 peak. Despite this, 71% of SOL is staked, reducing sellable supply, and institutional interest continues, though the market remains weak, influenced by Bitcoin's bearish trend. The whale's selling amid price weakness signals caution for investors.

Solana trades at Rp1.806.261 on Pluang as of Oct 27, 2026 15:41 WIB, with a slight 0.75% decline in the past day. The platform shows a balanced order activity close to even, with 49% Sell and 51% Buy, and a typical hold time of 72 days. This steady trading activity occurs alongside the news of a large Solana whale quietly offloading $49 million worth of SOL, reflecting ongoing market caution.

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