Solana whale $163M unstaking dump risk
Key Questions
What is the risk from the Solana whale unstaking?
A Solana whale unstaked $163M worth of SOL on April 11, followed by a 2M SOL dump to exchanges, increasing sell pressure. This coincides with a DRIFT $285M hack.
What technical setup threatens a 20% drop in Solana?
Solana tests a head-and-shoulders pattern with a $62 neckline, targeting a 20% drop from $79.90 on bearish Fibs at $22.50. Negative funding at -0.02% and $871M OI add to downside risks.
Are there any positive factors for Solana price?
$35M ETP inflows provide some support, with potential bounces to $75, $78, or $83 if the H&S neckline holds. However, whale dumps and neg funding dominate.
SOL whale unstaking $163M (Apr11) +2M SOL dump to exchanges/DRIFT $285M hack/$35M ETP inflows; OI $871M neg funding -0.02% $22.50 bear Fibs H&S setup 20% drop $62 neckline $75 bounce $78/$83.
Sources (2)
Updated Apr 8, 2026