Solana News: Market Faces Heavy Selling Pressure as Whales Shift to DTX Exchange

Recent developments in the Solana market have caused significant fluctuations in its price, with whales shifting their holdings to a lesser-known exchange. Here’s a closer look at what’s happening.

Decrease In Solana Whale Volume Blamed On $2.1 Billion Unlocks, Whales Shift $2.7 Million to DTX Exchange

The Solana price has been struggling lately, hovering around $140 due to heavy selling pressure. A major factor is a $2.1 billion token unlock flooding the market with supply, driving whales to cash out. Surprisingly, these whales aren’t just cashing out; they’re moving millions into DTX Exchange, a lesser-known hybrid trading platform for retail and institutional traders. Over $2.7 million in whale transactions have already flowed into DTX, raising questions about whether it could be the next big play for investors looking beyond SOL.

Volatility Shares Launches First Solana Futures ETFs on DTCC

Volatility Shares has made a significant step in cryptocurrency investments by listing the first Solana futures exchange-traded funds (ETFs) on the Depository Trust & Clearing Corporation (DTCC). The two ETFs, Volatility Shares 2x Solana ETF (SOLT) and Volatility Shares Solana ETF (SOLZ), are now eligible for clearing and settlement. This development comes as Coinbase also launches Solana futures, signaling regulatory progress and increasing investor Optimism for potential Solana spot ETF approvals. Solana is thus moving closer to mainstream financial markets.

Solana Faces Capitulation with Recovery Potential

Solana (SOL) has seen significant selling pressure since its all-time high in January, driving the price to multi-month lows last seen in October 2023. The Relative Strength Index (RSI) has dropped below 30, suggesting SOL is deeply oversold and potentially nearing the end of selling pressure. This could indicate a potential reversal or price rebound as traders view lower prices as buying opportunities.

Solana Vs. RCO Finance: Which One Has The Most Room To Run In 2025

Wondering what project will truly deliver exponential growth in 2025? Among the contenders is Solana (SOL), a high-performance blockchain known for its speed and scalability. This crypto is continuously attracting developers and investors with its robust network. The other contender is RCO Finance (RCOF), a new altcoin promising to disrupt the market with its innovative integration of AI and real-world assets. With RCOF’s market traction growing rapidly, investors are asking which asset has the most room to run in 2025. Solana (SOL), ranking 6th among the top cryptos, has grown into a formidable force in the market, competing directly with Ethereum and other Layer-1 solutions. Its minimal costs and blazing-fast transactions make it a strong contender.