Solana’s support level of 170 USD is being tested due to a 35 million USD unfunded stake by Alameda. This comes as whale activity signals increased selling pressure, challenging Solana’s ability to maintain its position.
The historical precedent suggests that breaching the 170 USD level may lead to rapid price declines for SOL. Observations indicate that heavy selling by whales is exacerbating the situation, and the stakes are high for maintaining price stability.
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