Key Holders Dump Solana Futures — What Whale Moves Signal for SOL Price

Solana’s price decline from highs near $230 to roughly $195 between October 7 and 14 has dampened confidence among some of its major holders.   On-chain data shows that over the past week, SOL has seen a significant drop in the number of perpetual futures positions held by its key investors, raising the risk of further downward pressure on the coin in the near term. SOL Sentiment Turns Cautious as Large Holders Step Back According to Nansen, whales trading Solana perpetual futures have reduced their net positions by 103% over the past week. This signals that some of the market’s largest players are closing out positions rather than doubling down source: https://beincrypto.com/sol-price-drops-as-whales-exit-futures/