Solana Whale concentrated dumping! 3 Addresses transferred 40,000 SOL to exchange, SOL under pressure lagging behind the market | SOL price prediction

Solana (SOL) is facing significant selling pressure, with on-chain monitoring showing that three whale addresses have transferred a total of 226,000 SOL (approximately $40 million) to exchanges in the past 24 hours. The dumping wave continues: Galaxy Digital just transferred out $41.12 million in SOL over the weekend, and another whale has unstaked 250,000 SOL. Along with the capital outflow, the price of SOL is performing weakly, currently reported at $175.64 (down 5.49% for the day), which is still 40% lower than its historical peak, significantly underperforming compared to mainstream tokens like Ethereum. Despite the favourable information that the Hong Kong OSL exchange has launched retail trading for SOL and Bezos' Blue Origin is accepting SOL payments, the exit of whales still raises market concerns.

【Whale Activity: $40 million SOL transferred to exchange in a single day】 Blockchain analysis company Lookonchain disclosed on platform X that there has been a recent concentration of whale dumping of SOL behavior:

1. Address CMJiHu: Deposited 96,996 SOL to the exchange for approximately 17.45 million USD (.
2. Address 5PjMxa: Deposited 91,890 SOL into a mainstream CEX for approximately 15.98 million USD ).
3. Address HiN7sS: Transferred 37,658 SOL to mainstream CEX for approximately 6.73 million USD (, this address achieved a profit of 1.63 million USD. A total of 226,544 SOL was transferred from three addresses, with a total value of approximately 40 million USD calculated at the time's market price. This move is interpreted as a Whale possibly taking profits or adjusting investment strategy.

[Dumping Trend Continues: Institutions and Whales Exit Simultaneously] This round of dumping is not an isolated event:

• Last weekend: The well-known institution Galaxy Digital transferred 224,000 SOL to a mainstream CEX, worth approximately $41.12 million.
• Last week: BeInCrypto reported that a digital asset financial services company unstaked 250,000 SOL ) for approximately $40.7 million ( and subsequently transferred it to a mainstream exchange.
• Ongoing Behavior: Monitoring shows that another Whale Address is continuously unstaking its held SOL.

【Market Weakness: ETF Zero Inflow, Prices Underperforming the Market】 Whale dumping coincides with a decrease in market interest for SOL:

• ETF Capital Flow: According to data from Farside Investors, the REX Osprey Solana ETF tracking SOL recorded zero net inflow on most trading days in August, with only one day being positive.
• Price Performance: SOL is currently priced at $175.64, with a fall of 5.49% in the past 24 hours. Its price is still 40% lower than the historical high (ATH), and the recovery is significantly weaker than Ethereum (ETH) and other mainstream cryptocurrencies that have rebounded sharply during the same period.
• Market Comparison: When the prices of assets like ETH approach or set new multi-year highs, SOL continues to underperform compared to the overall performance of the global cryptocurrency market.

【Favourable Information for the Ecosystem: Retail Trading Launch in Hong Kong with Bezos's Endorsement】 Despite facing selling pressure, the Solana ecosystem is also making positive progress:

1. Hong Kong Compliance Trading Launch: The licensed exchange OSL HK announced that it will become the first platform in Hong Kong to support retail trading of Solana )SOL(, broadening the access channels for investors.
2. Breakthrough in Mainstream Payment Scenarios: Amazon founder Jeff Bezos's aerospace company Blue Origin has started accepting SOL as well as BTC, ETH, USDT, USDC as payment methods for space flight reservations, marking progress in the adoption of mainstream scenarios. Alex Wilson, head of crypto at payment service provider Shift4, stated: "Cryptocurrency has become a $4 trillion asset class... We believe that cryptocurrencies and stablecoins will become increasingly popular payment methods, especially in the high-end consumer sector."
3. Meme Token Activity: The graduation rate of Meme Tokens within the Solana ecosystem has exceeded 3%, reflecting an increase in on-chain activity.

[Conclusion: Selling Pressure and Favourable Information Tussle, SOL Under Pressure in the Short Term, Awaiting Change in the Long Term] Solana is currently caught in a struggle between "Whale dumping" and "Favourable Information for the ecosystem." In the short term, the continuous flow of tens of millions of dollars in SOL to exchanges and the unlocking of staked assets, combined with stagnant ETF inflows and underperformance against the broader market, undoubtedly constitutes significant downward pressure, leading to a cautious market sentiment. However, the opening of compliant retail channels in Hong Kong, mainstream adoption cases such as Blue Origin accepting SOL payments, and the revival of on-chain Meme activities inject positive factors for long-term ecological development. The future direction of SOL will depend on whether the Whale dumping behavior continues, whether the market can effectively absorb the selling pressure, and whether the favourable fundamentals of the ecosystem can translate into substantial buying support. Investors need to closely monitor large on-chain transfer dynamics and the defense of key price support levels (such as $170).