鲸鱼活动：Solana 价格的抛售风险或战略考虑

当大量代币被添加到交易所时，通常表明资产、流动性准备或战略机构运动可能存在抛售风险。

After a strong rally post Trump’s win, a lot has changed in the crypto sector. Bitcoin and the Solana price are facing bull insufficiency after the December 2024 corrections.

在特朗普获胜后的强劲反弹之后，加密货币行业发生了很多变化。 2024 年 12 月调整后，比特币和 Solana 价格面临牛市不足。

In 2025 start, bulls tried to wake up with Bitcoin reaching $100K again and SOL to $223. However, the euphoria was short-lived as bears dominated and followed the December 2024 trend.

2025 年伊始，多头试图醒来，比特币再次达到 10 万美元，SOL 达到 223 美元。然而，这种兴奋是短暂的，因为空头占据主导地位并追随 2024 年 12 月的趋势。

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Solana showed bearish pressure despite several optimistic factors in the market. In 2025, Solana crypto announced future-based quantum attacks resistant Winternitz Vault. It also gave The SIMD-0215 proposal to improve blockchain and serve billions without sacrificing performance.

尽管市场存在一些乐观因素，但 Solana 仍表现出看跌压力。 2025 年，Solana crypto 宣布推出基于未来的抗量子攻击 Winternitz Vault。它还提出了 SIMD-0215 提案，旨在改进区块链并在不牺牲性能的情况下为数十亿人提供服务。

Similarly, several giant factors are in line that could rejuvenate the long-term market after the inauguration ceremony this month. Those factors include the US Bitcoin Reserve topic, the anticipation of SOL ETF, and regulatory changes.

同样，本月的就职典礼后，有几个重大因素可能会重振长期市场。这些因素包括美国比特币储备话题、SOL ETF 的预期以及监管变化。

Major firms remain upvoted about SOL crypto’s potential, with VanEck projecting a price target of $500 for 2025. Despite the long-term optimism, the short-term market activity has spooked market participant’s confidence.

主要公司仍然对 SOL 加密货币的潜力表示赞赏，VanEck 预计 2025 年的价格目标为 500 美元。尽管长期乐观，但短期市场活动却打击了市场参与者的信心。

Additionally, a whale recently transferred SOL tokens worth $75.37 Million on Coinbase. That has added more weight to market pessimism. While short-term technical bearish sentiment is pushing the Solana price down, its fundamentals tell a different story. Continue reading to know more.

此外，最近有鲸鱼在 Coinbase 上转移了价值 7537 万美元的 SOL 代币。这进一步加剧了市场的悲观情绪。虽然短期技术看跌情绪正在推动 Solana 价格下跌，但其基本面却讲述了不同的故事。继续阅读以了解更多信息。

Whale Activity: A Sell-Off Risk for Solana Price or a Strategic Consideration

鲸鱼活动：Solana 价格的抛售风险或战略考虑

When a large proportion of tokens is added to an exchange, it often indicates possible sell-off risk for the asset, liquidity preparation, or strategic institutional movement.

当大量代币被添加到交易所时，通常表明资产、流动性准备或战略机构运动可能存在抛售风险。

Like recently, a crypto whale’s large transactions of 400K SOL worth $75.37 Million raised the eyebrows of users closely monitoring the Solana price. The increase in market supply could cause a price decline if it is intended to sell.

就像最近，一头加密鲸鱼的 400K SOL 价值 7537 万美元的大笔交易引起了密切关注 Solana 价格的用户的关注。如果打算出售，市场供应量的增加可能会导致价格下跌。

This whale activity occurred a day after other whales’ did similar activity. One crypto whale pumped Binance with 149.999K SOL worth $27.91 Million and another with 199.999K Sol worth $37.21 Million.

这次鲸鱼活动发生在其他鲸鱼进行类似活动的第二天。一只加密鲸鱼向币安注入了 149.999K SOL，价值 2791 万美元，另一只加密鲸鱼则向 Binance 注入了 199.999K Sol，价值 3721 万美元。

Such intense moves by whales can affect the Solana crypto price sentiment, as there remains a large risk that small investors may also dump their holdings. Since more than one whale activity is involved in the short term, it shows that some might have sold it, but at the same time, the others might not have sold too.

鲸鱼的如此激烈的举动可能会影响 Solana 加密货币的价格情绪，因为小投资者也可能抛售其持有的资产，这一风险仍然很大。由于短期内涉及不止一项鲸鱼活动，这表明有些人可能已经出售了它，但与此同时，其他人可能也没有出售。

Nevertheless, the purpose of the transfer remains unknown. So, one can also assume other possibilities on the good side.

尽管如此，转移的目的仍不清楚。因此，我们还可以假设其他好的可能性。

Solana Crypto’s On-Chain Data Shows No Firm Ground for Pessimism

Solana Crypto 的链上数据显示悲观情绪没有坚实的基础

Since derivatives analysis shows that the SOL Open Interest (OI) is well positioned in the market, amounting to $6.11 Billion, and OI-weighted funding rates are rising at 0.0093%. It shows a bullish market as traders are optimistic about the underlying asset.

由于衍生品分析显示，SOL 未平仓合约 (OI) 在市场中处于有利地位，达 61.1 亿美元，且 OI 加权融资利率上升至 0.0093%。由于交易者对标的资产持乐观态度，这表明市场看涨。

The fundamentals of Solana crypto, surprisingly, are robust in the DeFi space. The total value locked (TVL) is far above the level seen in last Q4’s 20021, where much growth stems from an impressive stablecoin market cap. It is also acing in transactional volume and network revenue.

令人惊讶的是，Solana 加密货币的基本面在 DeFi 领域表现强劲。锁定的总价值 (TVL) 远高于 20021 年第四季度的水平，其中大部分增长源于令人印象深刻的稳定币市值。它在交易量和网络收入方面也表现出色。

Also, in DEX activity, SOL is doing phenomenally well. Its 24-hour trading volume has surpassed major L-2 rivals, such as Ethereum, Base, BSC, and several others. Likewise, backed by its robust ecosystem growth, it is viewed on the verge of flipping the 5th largest Binance Coin (BNB). That’s because the market resurgence of the Solana crypto could flip a slim gap in the market cap.

此外，在 DEX 活动中，SOL 的表现也非常出色。其 24 小时交易量已超过主要的 L-2 竞争对手，例如以太坊、Base、BSC 等。同样，在其强劲的生态系统增长的支持下，它被视为即将成为第五大币安币（BNB）。这是因为 Solana 加密货币的市场复苏可能会扭转市值的微小差距。

All those factors, including ecosystem, social sentiment, derivatives, and fundamentals, show no base that could influence whales to go for a massive sell-off. On assembling these factors, multiple whale transfers hint towards strategic action rather than the disposition of all of the whales’ holding positions.

所有这些因素，包括生态系统、社会情绪、衍生品和基本面，都没有显示出可以影响鲸鱼大规模抛售的基础。综合这些因素，多次鲸鱼转移暗示着战略行动，而不是所有鲸鱼持有位置的处置。

It indicates a possibility that not all whales’ assets on exchanges are for sell-offs but could be to rebalance their portfolios or to get ready for derivative trading. Perhaps it might be a part of some larger scheme, like staking or lending service of exchanges, to benefit by employing their funds on exchanges.

这表明，并非所有鲸鱼在交易所的资产都用于抛售，而可能是为了重新平衡其投资组合或为衍生品交易做好准备。也许它可能是某些更大计划的一部分，例如交易所的质押或借贷服务，通过在交易所使用资金来受益。

What Solana Price Could Show Next in Its Daily Chart?

Solana 价格接下来会在每日图表中显示什么？

Now, the whale activity seems to be influencing the Solana price on the bearish side, but as per on-chain data, it could only affect it in the short term. As in the long-term future, the SOL price and its ecosystem growth remain optimistic.

现在，鲸鱼活动似乎对 Solana 价格产生了看跌的影响，但根据链上数据，它只能在短期内对其产生影响。从长远来看，SOL 价格及其生态系统的增长仍然乐观。

Still, many who monitor the Solana crypto very often might wish to see how short-term whale activity might affect its price. This whale’s move has created an unpredictability factor in the short-term Solana crypto market mechanism.

尽管如此，许多经常监控 Solana 加密货币的人可能希望了解短期鲸鱼活动可能如何影响其价格。这只鲸鱼的举动给短期 Solana 加密货币市场机制造成了不可预测的因素。