Kraken Sees Major Solana Whale Movement Amid Market Dip

A significant whale transaction involving 17,481 SOL, previously staked for two years, has been transferred to Kraken, sparking speculation as Solana’s price experiences a slight decline. Despite the dip, bullish technical indicators and strong retail sentiment suggest underlying strength in the asset.

Solana Whale Activity Sparks Speculation Amid Price Dip

Solana’s blockchain witnessed a significant whale movement as 17,481 SOL—previously staked for two years—was transferred to Kraken. The asset traded at $148.52 at press time, marking a 1.74% daily decline despite heightened social engagement and bullish technical indicators targeting the $153.65 resistance level.

Retail sentiment and development progress suggest underlying strength, though the market now watches whether institutional players will align with this optimism. The whale’s decision to liquidate after prolonged staking introduces volatility potential, making SOL a focal point for traders anticipating breakout momentum.

Bitcoin Price Sees Short-Term Dip as Bulls Eye Next Move

Bitcoin’s rally above $95,000 proved short-lived as the cryptocurrency retreated below $94,000, testing bullish resolve. The pullback follows a steady climb from the $90,000 support level, with traders now watching the $91,200 zone for potential downside containment.

A bearish trendline has emerged on hourly charts, capping rebounds NEAR $94,000. Market participants await a decisive break above $94,200 to confirm renewed upward momentum. The Kraken exchange data shows BTC trading below its 100-hour moving average—a technical warning sign for short-term traders.

This minor correction reflects healthy market dynamics after Bitcoin’s 5% weekly gain. Veteran traders recognize such consolidations as necessary groundwork for sustainable rallies. ’Volatility is the price of admission in crypto markets,’ notes a Kraken institutional desk memo seen by Bloomberg.