Solana whales go all-in, but price drops: What’s going on?

On June 12, 2025, Solana whales withdrew over 1.34 million SOL, worth 219.99 million USD, from Coinbase Prime. Despite this significant activity, Solana’s price decreased by 4% to 159.60 USD, highlighting market corrections while indicating potential bullish momentum.

Current market sentiment shows traders favoring long positions, with a Long/Short Account Ratio of 2.40 on Binance. Support is evident at 156 USD, and if maintained, Solana may rise by 16% to 184 USD, suggesting investor confidence amidst volatility.

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