SOLANA: TWO MAJOR SELL EVENTS JUST HIT $SOL
PumpFun deposited $14.76M worth of SOL to Kraken today. As the largest SOL fee accumulator this cycle, its exchange transfers are closely watched because they are often converted into stablecoins or cash — creating direct supply pressure on the market.
At the same time, Goldman Sachs reportedly exited all Solana ETF exposure, including positions tied to the Grayscale SOL Trust and Bitwise Solana Staking ETF. The bank continues holding major Bitcoin ETF exposure through BlackRock and Fidelity.
Technical picture:
• RSI uptrend structure already broke down
• SOL trades near $83
• The $82–84 zone is now the key level on the chart
If support holds: SOL could stabilize and keep the larger bullish structure intact.
If support breaks: The next major demand zone sits around $50–55 before any broader recovery attempt.
However, bulls still have strong arguments:
• US spot SOL ETFs surpassed $1.12B in cumulative inflows
• Morgan Stanley reportedly added $30M exposure through Bitwise
• Institutional demand for Solana has not disappeared
Right now, $SOL sits at one of the most important technical and psychological levels of the year.