Solana Defies Gravity: $150 Holds Firm Despite Whales Dumping 1M SOL

Solana's price refuses to buckle—even as crypto whales make a splash.

The 'Ethereum killer' held steady at $150 after a staggering 1 million SOL tokens flooded the market from unstaking operations. While lesser chains would've cratered under such pressure, SOL's resilience hints at deeper liquidity pools and stubborn hodlers.

Market movers play chicken with retail investors

Whales clearly expected panic selling after their mass unstaking—another case of big players underestimating diamond-handed degens. The move reeks of classic 'shakeout' tactics, yet retail traders called their bluff.

Technical fortress or house of cards?

Solana's throughput claims get another stress test as network activity spikes. The $150 support level now becomes crypto's most watched number—break it, and even the moonboys might sweat. Hold it, and well... maybe those 'SOL to $500' tweets aren't completely unhinged after all.

Another day in crypto where 'irrational markets' outsmart the so-called smart money. Wall Street analysts still can't decide if this is genius or gambling—meanwhile, the SOL army keeps stacking sats between coffee breaks.

Solana price is holding above $150, but recent whale activity is raising fresh questions about short-term pressure.

A June 30 post from Lookonchain flagged two wallets associated with Wintermute; that unstaked 1 million SOL (~$139 million) and deposited 240,000 SOL to Binance over the past 72 hours.

The MOVE sparked speculation of a looming dump, but staking and liquidity data suggest a more nuanced picture: this might be profit rotation, not capitulation.

Whale Moves Came Amid Neutral Staking Flows

While the 1 million SOL unstake caught attention, weekly staking flows show no major net exodus. Data shows that solana crypto’s total stake remained relatively stable over the past week, with net outflows well within historical norms.

The unstake appears isolated, not part of a wider validator withdrawal wave.

Backing that up, the liquid staking market share remains intact. mSOL, jitoSOL, and jupSOL continue to dominate the LST ecosystem, with no sudden change in preference or mass conversions to unstaked SOL.

If whales were anticipating a prolonged downturn, you’d expect a broader exit, not just a Binance transfer.

In short, the whales may be rotating, but the Solana crypto network isn’t bleeding confidence.

Spot Flows, Solana Price Action, and CMF Tell a Mixed Story

If you look into Solana’s spot exchange behavior, the signals are neutral. Over the past few days, netflows have turned negative.

This pattern suggests that more SOL is being sent to exchanges than withdrawn, which supports the view that at least some capital is being prepared for potential exits or redeployments.

That said, the Chaikin Money Flow (CMF) on SOL’s daily chart is holding just below zero, suggesting mild sell pressure but not a breakdown. The SOL price structure is also holding steady at $150–$153, with demand support at around $140 and $130 below that. Until those zones crack, the market still believes this is a breather, not a full unwind.

Derivatives and Sentiment Signal No Panic

Funding rates are tellingly quiet. SOL’s OI-weighted funding rate hovers around neutral, with minor fluctuations over the past week.

No extreme long buildup, no flush-worthy short squeeze zone; just even leverage on both sides. This lack of directional conviction matches the lull in social metrics.

LunarCrush shows a modest Galaxy Score of 59, engagement up 2.7M, but sentiment is still undecided. AltRank is elevated at 237, suggesting Solana crypto is underperforming other alts in buzz and volume. But again, there’s no extreme fear.

The current setup feels more like a cooldown than a sell-off. If the whales were front-running a drop, you’d likely see overleveraged longs build up or aggressive hedging spike. Neither has happened yet.

Putting it all together, the data doesn’t confirm a dump; it hints at rotation. Yes, 240K SOL to Binance is material.

But the absence of broader staking outflows, the relatively calm derivatives activity, and middling social sentiment suggest this isn’t a fire drill.

A local pullback remains possible, especially if funding flips negative or spot outflows accelerate. But for now, Solana price is holding its ground. Unless $140 gives way on strong volume, the base case remains consolidation, not capitulation.