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A Solana validator, with a history of price fall, unstaked a large amount of the asset again as the market saw a mild correction. 
On-chain data shows that a Solana (<a href="https://crypto.news/price/solana/" target="_blank">SOL</a>) whale <a href="https://solscan.io/account/DGWhYmLB3fm9TfQbGWq5PW1kXCb3KawEHR6HNGa6p6gq#transfers" target="_blank" rel="nofollow">unstaked</a> 200,000 tokens over the past three days. The validator then deposited the assets, worth roughly $30 million, to Binance, the largest cryptocurrency exchange by trading volume. 
According to data from Solscan, the validator unstaked and sold 1.2 million SOL, worth $178 million, between June and July. That caused the Solana price to plunge from $170 to $125 in less than three weeks. 
<a href="https://crypto.news/new-solana-mobile-seeker/" target="_blank">Solana</a> witnessed a pretty similar sentiment to the whale’s movements. According to data provided by Santiment, the weighted sentiment around Solana on social platforms on June 7, when the validator started unstaking. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="3840" height="1300" src="https://crypto.news/app/uploads/2024/09/Solana-SOL-10.59.34-26-Sep-2024.png" alt="Whale unstaked $30m in SOL; will Solana crash again? - 17" class="wp-image-14299953">
 <figcaption class="wp-element-caption">
 SOL price and sentiment – Sept. 26 | Source: <a href="https://app.santiment.net/charts/jiiUlQHD__sCl" target="_blank" rel="nofollow">Santiment</a>
 </figcaption>
</figure> 
 You might also like: <a rel="" href="https://crypto.news/binance-launches-pre-market-spot-trading-for-launchpool-tokens/"> Binance launches pre-market spot trading for Launchpool tokens </a> 
The social sentiment around the asset has been constantly declining over the past week and is currently seeing a neutral momentum. 
It’s important to note that the current $30 million is almost six times lower than the $178 million selloff four months ago. 
<a href="https://crypto.news/sol-link-tao-top-cryptocurrencies-to-watch-this-week/" target="_blank">Solana</a> recorded a 9% price hike over the past week and has been consolidating around the $150 mark in the past 24 hours despite the market-wide correction.&nbsp; 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1162" height="681" src="https://crypto.news/app/uploads/2024/09/SOLUSDT_2024-09-26_10-56-24.png" alt="Whale unstaked $30m in SOL; will Solana crash again? - 18" class="wp-image-14299954">
 <figcaption class="wp-element-caption">
 SOL price and RSI – Sept. 26 | Source: <a href="https://crypto.news/price/solana/" target="_blank">crypto.news</a>
 </figcaption>
</figure> 
So far, there have been no signs of a massive SOL selloff and the asset’s daily <a href="https://crypto.news/glossary/volume-in-crypto-trading/" target="_blank">trading volume</a> decreased by 33%, currently hovering at $1.9 billion. 
Per data from crypto.news, the SOL Relative Strength Index is sitting at 48. The indicator shows that Solana is in a neutral zone — neither overbought nor oversold — at this price point. If the broader crypto market continues its upward momentum, SOL’s price fall is unlikely, but caution would be advised. 
 Read more: <a rel="" href="https://crypto.news/bitwise-cio-ethereum-etfs-came-too-early/"> Bitwise CIO: Ethereum ETFs came too early </a>

Whale unstaked $30m in SOL; will Solana crash again?

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