Saturday, August 9, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

Solana Price Prediction: Market Volatility as Wintermute Moves Millions

Munene Timothy by Munene Timothy
February 25, 2025
in Binance Feed, Market
Reading Time: 4 mins read
Solana Price Prediction Market Volatility as Wintermute Moves Millions
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • Wintermute withdrew 20M SOL from Binance, reducing its holdings, but quickly repurchased 86K SOL from major exchanges.
  • Solana’s active addresses dropped 60% from 18.5M to 7.3M, indicating weaker network engagement that could impact future prices.
  • SOL trades below the lower Bollinger Band, with key support at $130. A break above $160 may hint at a reversal.

Solana (SOL) has had a sharp decline, dropping over 11% in the past 24 hours. The drop coincides with large scale SOL withdrawals from Binance by Wintermute, a leading market maker. Marty Party suggested that Solana has been pushed to extreme pain levels by Binance.

Solana $SOL is capitulated to max pain by @binance pic.twitter.com/OGyE984i22

— MartyParty (@martypartymusic) February 24, 2025

According to Arkham Intelligence, Wintermute withdrew 20 million SOL, valued at over $3 million, from Binance within 24 hours. This movement reduced its known holdings to 171,000 SOL, worth approximately $26.47 million. 

Related articles

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%

August 4, 2025
XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?

August 2, 2025

The withdrawals occurred in different batches, with the largest single withdrawal involving 49,640 SOL sent to a Binance hot wallet. Additional withdrawals included 20,975 SOL, 13,374 SOL, 13,993 SOL, and 6,675 SOL.

These transfers come just days ahead of Solana’s upcoming $2-billion token unlock, scheduled for March 1. Over 11.2 million SOL tokens will enter circulation, potentially impacting market dynamics.

Wintermute’s Large SOL Transfers 

Despite the initial outflows, Wintermute quickly repurchased a substantial amount of SOL from major exchanges, including Binance, Coinbase, Kraken, and Bitvavo. Within one hour of these transfers, the market maker acquired approximately 86,000 SOL, worth around $12.9 million.

Analyst Ali reported that Solana’s network activity has declined, dropping by 60% from its all time high of 18.5 million active addresses in October to just 7.3 million today. This reduction in active addresses suggests weakening user engagement, which could influence future price movements.

#Solana $SOL network activity has declined by 60%, dropping from an all-time high of 18.5 million active addresses in October to just 7.3 million today! pic.twitter.com/Ml8s23EnH8

— Ali (@ali_charts) February 25, 2025

Technical Indicators Show Bearish Momentum

On the daily timeframe, Solana is trading in a downward trend. At press time, SOL was priced at $139.779. The session recorded a high of $144.448 and a low of $131.902, indicating the ongoing volatility.

Source: TradingView

Bollinger Bands show a bearish outlook, with the upper band at $217.847, the middle band (SMA 20) at $181.773, and the lower band at $145.698. SOL is trading below the lower Bollinger Band, indicating strong bearish momentum. 

Historically, price movements below this band either continue downward or experience short term rebounds. However, given the sustained decline, further losses appear likely unless buyers intervene with high volume purchases.

Support and Resistance Levels 

The Accumulation/Distribution (A/D) indicator also confirms the ongoing sell off. With the A/D line declining, more traders are selling rather than accumulating SOL, aligning with the bearish trend. If selling pressure continues, SOL could test support at $130, with further declines toward $120 or even $100.

For a potential recovery, SOL must reclaim the $145-$150 range. A failure to break this level could reinforce the downward trend, while a close above $160 might indicate an early reversal.

Tags: Price AnalysisSolana (SOL) News

Related Posts

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%

by Munene Timothy
August 4, 2025

Pump.fun's token supply lags at 21.43% of LetsBONK’s, pushing its market share down to 22.2% amid changing user preference. LetsBONK...

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?

by Munene Timothy
August 2, 2025

XRP trades above key $2.95 support with bearish MACD and neutral RSI; price action suggests short term consolidation. Price remains...

Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback

Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback

by Veronicah Peninah
August 2, 2025

ETH currently trades at $3,489.96, with recent price action forming a discount zone of 10%–30% from local highs. Ethereum’s price...

Paul Atkins Unveils Project Crypto to Reinvent U.S. Capital Markets

Paul Atkins Unveils Project Crypto to Reinvent U.S. Capital Markets

by Irene Mukiri
August 2, 2025

SEC’s Project Crypto aims to modernize outdated rules for blockchain innovation U.S. positions itself to lead global digital finance with...

XRP Market Cap Model Suggests $10B in Buy Orders Could Skyrocket Price to $90

XRP Market Cap Model Suggests $10B in Buy Orders Could Skyrocket Price to $90

by Jonathan Carls
August 2, 2025

Thin liquidity enables massive XRP price jumps with minimal capital inflows Market cap multipliers reveal how $10B could drive XRP...

Load More

Recent News

  • Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%
  • XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?
  • Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
  • Paul Atkins Unveils Project Crypto to Reinvent U.S. Capital Markets
  • XRP Market Cap Model Suggests $10B in Buy Orders Could Skyrocket Price to $90

Popular News

  • KEKIUS Price Prediction for June 2025 Signs of Weak Momentum and Accumulation Battle

    KEKIUS Price Prediction for June 2025: Signs of Weak Momentum and Accumulation Battle

    205 shares
    Share 82 Tweet 51
  • Market Analyst say XRP Could Finally Break Out of Its Current Consolidation in 2-4 weeks If It’s Following 2017

    202 shares
    Share 81 Tweet 51
  • Bitcoin and Ethereum Face Pressure as 2,500 BTC and 80,000 ETH Hit Exchanges Amid Political Fallout

    202 shares
    Share 81 Tweet 51
  • SUI Price Breakout or Fakeout? What Chart Patterns Are Saying

    201 shares
    Share 80 Tweet 50
  • SEC Approves Nasdaq Crypto Index Update to Include SOL, ADA, XLM, and XRP

    202 shares
    Share 81 Tweet 51

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%
Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%
August 4, 2025
XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup
XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?
August 2, 2025
Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
August 2, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact