Solana Whales Dump $33M Post-Staking Unlock – Is SOL Heading to $80?

A relatively important Solana staking reveal triggered a fresh wave of volatility in the current crypto market, with over 425,000 SOL tokens worth $49.78 million getting unlocked from staking on April 4 – the largest scheduled unlocking until 2028. Shortly afterward, $33.27 million of SOL was sent to major exchanges like Binance and Coinbase, causing some anxiety about selling pressure in the short term.

This would, however, coincide with Solana losing more than 7 percent of its value over a week, with its price threatening a significant support level at $112 at some point. Despite the short-term headwinds, the fundamentals for the network’s resilience, including bursting stablecoin activity and almost doubling the total value locked since late 2024, port well for the ecosystem within the current broader market turmoil.

Solana Staking Unlock Sparks Selling Pressure Amid Crypto Turmoil

A massive Solana staking unlock on April 4, 2025, has raised concerns in the crypto market as 425,266 SOL tokens worth $49.78 million were unstacked, the largest single-day unlock of staked SOL through 2028. Shortly thereafter, 284,147 SOL worth $33.27 million were sent to centralized exchanges such as Binance, Kraken, and Coinbase, adding to the selling pressure. These unlocks happened as Solana’s price has struggled to hold against key support levels after dropping 7% in the last week and retesting $112.24.

Blockchain analytics suggest that this large unlock saw some addresses that staked their funds in April 2021 when SOL was at much lower valuations. With a 5.5x increase at current pricing, these long-term holders may be taking profits, adding another worry for the markets. The total value locked (TVL) on the blockchain has nearly doubled since November 2024, reaching an astonishing 53 million SOL, while stablecoin activity has skyrocketed from $5 billion in January to $12.6 billion. 

The indicator of recovery settings is ruled out by the Bollinger Bands, although the lack of a breakout above resistance at $128.79 may trigger a fresh decline toward support levels around $112. As Solana sees increased selling pressure, traders are on the lookout for its resilience among the wider flutter of disturbing events in the crypto markets.

Solana Price of Last 24 Hours

Early into the trading day on April 3, a death cross was formed on the MACD, indicating a potential downward move. Meanwhile, the RSI indicator reached the oversold conditions, and the price stabilised. April 4th exactly matched the pattern with more golden and death cross formations.

Chart 1, analysed by anushrivarshney2613, published on TradingView, April 4, 2025

Continuous occurrence of death crosses in a bearish trend could result in an SOL retest or break of its $111.98 support. Conversely, sustained golden crosses could push prices toward the $120.92 resistance level. These might be the signs that traders relate to future price movements in Solana staking and the crypto industry as a whole.

Solana Price Outlook: Predictions and Insights for 2025

This Solana staking unlock, however, has produced a short-term set of volatility with price action, while the long-term scenario for Solana price remains somewhat upbeat in its prediction. Analysts further predict that during the coming 2025, SOL may run near the $357 to $413 highs on the back of a strong fundamental network, such as scalability, low transaction costs, and increasing adoption in decentralized application space.

On the other hand, a purely bearish one may put that at lows of maybe $116 to $165, while the bullish point places peaks beyond $750 should the market conditions be favorable. After throwing some selling pressure, we note that the Solana ecosystem has expanded and strengthened; there has been a doubling of total value locked and growing activity in stablecoin use cases.