Solana (SOL) prices experienced a significant decline of 15% throughout this week due to substantial whale offloading behavior leading to increased selling pressure.
Four major wallets unstaked and transferred $46 million worth of SOL to exchanges within 24 hours.
The largest transaction came from a wallet that moved $30.3 million worth of SOL alone.
Solana faces persistent pressure from market trends and major investor activity until its situation changes.