Solana’s $200 Price Pullback Looms as Whale Moves $868M - Expert Warns Correction Inevitable

Massive whale activity triggers Solana alarm bells as $868 million transfer signals potential market shift.

The Whale That Rocked SOL

Solana faces its biggest test yet after a single entity moved $868 million worth of tokens—sending shockwaves through the crypto ecosystem. Experts now predict an unavoidable $200 price correction despite recent bullish momentum.

Technical Breakdown

The blockchain's high-speed infrastructure couldn't hide the bearish signals when that mammoth transaction hit the network. Trading patterns suggest institutional players are positioning for downside protection—because nothing says 'confidence' like billion-dollar hedge funds playing defense.

Market Psychology at Play

Retail investors keep chasing green candles while whales quietly exit stage left. The $200 pullback prediction isn't just technical analysis—it's a reality check for a market that still thinks 'this time is different.' Spoiler: it never is.

Key Insights:

• Solana price slipped from $250 to the $215 level where an analyst predicts further losses to $200 are inevitable.
• The slide might be crucial for a strong rebound to $300.
• SOL perp funding rate hovers near 8%, a level that generally signals traders’ are moderately willing to pay a premium to hold long positions.
• Whale transfers $868M SOL to exchange.

Solana’s native token, SOL, slipped to $215 after touching $250 last week, its strongest level in nearly eight months.

Over the prior 30 days, the token surged 25% ahead of the broader altcoin market, a rally fueled in part by growing corporate interest in using SOL as a reserve asset.

However, the question then was whether this momentum would last. Traders stayed cautious, pointing to the limited demand for Leveraged long positions in SOL as a possible sign that the rally might cool.

Meanwhile, crypto expert GreenyTrades shared an analysis on X claiming that SOL would soon test the $200 level and maintain higher lows while building strong support for a rebound to $300.

Analyst Reveals Solana Price Prediction of $200 Before Rebound

Solana once again arrived at a decisive point on its long-term chart. As GreenyTraders highlighted, the token recently tested a powerful confluence of resistance levels, marked by two historical highs and a key former support zone now acting as resistance.

The $240–$260 band has repeatedly served as a ceiling in past cycles, and the market’s latest response was immediate with SOL  rejected on its first approach.

That rejection, however, does not damage the broader bullish picture. Even if solana dips below $200 in the near term, its higher-low structure would remain intact.

Such a retracement could simply set the stage for a more sustainable push later in the cycle.

Still, the weight of these high-timeframe barriers cannot be overlooked. Until the token secures a decisive close above this zone, traders should approach further upside with caution.

The second chart brings this rejection into focus. After failing to pierce resistance, Solana slid nearly 16%, a healthy correction in the grander scheme but a reminder of how fiercely this level is defended.

The $180–$200 support region now stands as the key battleground, with bulls needing to hold the line to maintain momentum.

Ultimately, the question is one of timing. Will Solana need another round of consolidation before mounting a real attempt at $300, or can it muster the strength on the next move?

For now, the long-term structure remains constructive, but the short-term outlook demands respect for resistance until proven otherwise.

Whale Transfers $868M SOL to Exchange

Large whale transfers of more than $836 million in Solana flowed into Binance wallets within hours, while another $54 million made its way to Coinbase Institutional. Such concentrated inflows often signal that big players are repositioning, a MOVE that can weigh on liquidity and pressure SOL’s price in the short term.

If this wave of supply continues landing on exchanges, a test of the $200 support zone looks increasingly possible. Yet history offers an important counterpoint.

In previous cycles, similar inflows have preceded sharp rebounds once selling momentum ran its course. In that sense, whale activity can cut both ways, driving near-term weakness, but also laying the groundwork for a recovery once the market stabilizes.

SOL Perp Funding Rate Hovers Near 8%

Over the past week, the funding rate hovered NEAR 8%, a level that generally signals traders’ are moderately willing to pay a premium to hold long positions.

At moments, however, it slipped into negative territory, underscoring hesitation and periods where short sellers briefly gained the upper hand.

In most cases, sustained bullish momentum drives this metric well above 10%. That threshold often marks an aggressive phase where speculative demand chases higher prices.

For Solana’s case, despite the recent pullback to about $217, the funding rate’s quick recovery back into positive territory suggests that buyers have not abandoned the trend.

What stands out is the growing role of institutional accumulation. Large players appear to be absorbing supply, easing volatility and softening the downside risk.

From a supply-and-demand perspective, this dynamic has shifted SOL’s risk profile. Instead of a market driven purely by retail speculation, the token now benefits from deeper support across institutions and retails, which may help sustain its longer-term strength even if near-term momentum fluctuates.

Collectively, firms have built strategic SOL reserves totaling 17 million SOL, equivalent to about $4.3 billion, based on data from the Strategic Solana Reserve.

The largest stake belongs to Forward Industries (FORD), with 6.82 million SOL. Sharps Technology (STTS) follows with 2.14 million, while Defi Development Corp (DFDV) and Upexi Inc. (UPXI) each hold nearly 2 million.