Solana faces 2.8M SOL dump, but this could spark a run to $160 – how?

Solana’s recent inflow of 2.8 million SOL to Binance comes during a period of increased sell-side liquidity. Despite sell pressures, the outflows of SOL tokens exceed inflows, hinting at possible bullish momentum if buying interest persists.

Many HODLers are now liquidating positions either at breakeven or realizing losses, impacting broader market sentiment. As Solana navigates these challenges, the outlook remains cautiously optimistic, depending on how buyers respond to market signals.