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Solana Slammed By Whale Dump—Can It Recover Or Is More Pain Ahead?

  • Solana’s price has fallen to $116, marking a 12% decrease over the past week amid concerns about large investors selling their holdings.
  • Four major wallet addresses transferred a total of $46 million worth of SOL tokens to exchanges, adding selling pressure to the market.
  • The wider cryptocurrency market is facing uncertainty due to economic policy shifts, with Solana being one of the cryptocurrencies affected.
  • Despite the recent declines, some analysts remain optimistic about Solana's future potential for a breakout, urging investors to buy now.

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