Solana’s Shocking $219M Fumble: Will It Rebound or Sink? Find Out Now!

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Key Takeaways

Why did Solana drop after Forward’s transfer? Darling, it’s all about lost luster and wallet whispers.

Forward gleefully shifted 1.727 million SOL, worth a staggering $219.32 million, into wallets that probably only get weekend visits. Meanwhile, they’re nursing a 6.83 million SOL position with losses that would make even Wall Street blush.

What’s the secret sauce for a SOL comeback? Well, darling, it’s whale antics, rising active addresses, and a cozy little demand at $130-just in case you fancy a rally.

Whales are splurging, with net buy-ins and Active Addresses climbing to a sprightly 45.8 million-yes, millions. Seems like daredevil traders are eyeing the $130 level with all the fervor of a detective on a hot trail, betting on a swift rebound.

So, while Forward Industries jet-setted with a hefty chunk, Arkham’s data reveals they’re now painfully underwater, with a 45% loss. That’s roughly $718 million down the drain, but fear not-their remaining 5 million SOL suggests they’re still playing the long game (or just stubborn).

Whales Dancing, Institutions Not So Much

Meanwhile, the whales got their groove on, moving vigorously. Spot buyers, the brave souls willing to take the plunge, kept accumulating amid the chaos-bravely ignoring the institutional soap opera.

The Spot Average Order Size chart shows that buyers are still tossing coin at current prices, even as the big shots step back. About as subtle as a fox in a henhouse.

And lest we forget, the Active Addresses-those little digital rabbits multiplying by 21%-are happily hopping around, cozy as ever, ready to support a rebound with network love.

Hold That Chat, It’s a Key Level

Solana bounced off a stubborn $130 level-much like a cat on a sofa-keeping hopes alive for now. But don’t pop the champagne just yet, the next hurdle is a resistant beast at $170, lurking like a bad sequel.

If Solana surges past that, we could see it breaking into the $190-$210 range-the equivalent of the cashmere section in a posh boutique. Until then, keep your eyes peeled and your popcorn ready for the next episode of “Will It Rebound?”

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2025-11-23 16:11