$41M SOL Sold As Solana (SOL) Struggles To Hold $130, Mpeppe Presale Gains Major Whale Support

Recently,
Solana
(SOL)
has
faced
significant
selling
pressure,
with
$41
million
worth
of
SOL
being
offloaded
by
major
holders.
As
Solana
(SOL)
struggles
to
maintain
its
position
above
$130,
a
new
player
in
the
market,

Mpeppe
(MPEPE),
is
gaining
traction
with
strong
support
from
crypto
whales
during
its
presale
phase.
This
article
delves
into
the
ongoing
dynamics
of
Solana
(SOL)
and
the
rising
interest
in
Mpeppe
(MPEPE).

The
$41
Million
Sell-Off:
A
Blow
to
Solana
(SOL)

Solana
(SOL)’s

journey
through
2024
has
been
anything
but
smooth.
After
reaching
impressive
highs
in
previous
years,
the
token
has
faced
a
series
of
setbacks,
culminating
in
a
recent
sell-off
that
has
raised
eyebrows
across
the
crypto
community.
According
to
data
from
Lookonchain,
a
significant
cryptocurrency
wallet
has
liquidated
nearly
$100
million
in
Solana
(SOL)
this
year
alone. 

This
wallet,
believed
to
be
controlled
by
an
institutional
investor,
has
been
steadily
selling
approximately
19,306
SOL
each
week,
amounting
to
about
$2.76
million
weekly.

This
steady
offloading
has
put
immense
pressure
on
Solana
(SOL)’s
price,
which
has
struggled
to
hold
above
the
$130
mark.
Despite
these
sales,
the
wallet
still
holds
1.88
million
SOL,
valued
at
approximately
$237.68
million.
The
ongoing
liquidation
suggests
that
the
downward
pressure
on
Solana
(SOL)
may
continue,
especially
if
the
broader
market
remains
weak.

Solana
(SOL)’s
Battle
for
$130

The
recent
sell-off
is
just
one
of
many
challenges
that
Solana
(SOL)
has
faced
in
2024.
The
token
has
slipped
below
the
$130
mark,
marking
a
20%
decline
over
the
past
11
days.
The
$125
support
level
is
now
under
significant
pressure,
and
a
failure
to
hold
this
critical
zone
could
result
in
further
declines.
Analysts
warn
that
Solana
(SOL)
could
slide
to
the
next
significant
support
levels
at
$110
and
$100
if
the
$125
level
is
breached.

Adding
to
the
bearish
sentiment
is
the
declining
development
activity
on
the
Solana
(SOL)
network.
Once
a
hotbed
of
innovation,
Solana
(SOL)’s
development
activity
has
slowed,
and
major
whales
continue
to
offload
their
holdings.
This
combination
of
technical
resistance,
decreased
development,
and
whale
selling
suggests
that
Solana
(SOL)
may
struggle
to
regain
its
footing
unless
market
conditions
improve
significantly.

Mpeppe:
A
Promising
New
Player

While
Solana
(SOL)
faces
these
challenges,

Mpeppe
(MPEPE)

is
emerging
as
a
promising
new
player
in
the
cryptocurrency
market.
The
meme
coin
has
gained
significant
attention
during
its
presale
phase,
with
major
whale
support
propelling
it
to
new
heights.
Unlike
Solana
(SOL),
which
has
been
hampered
by
market
volatility
and
whale
sell-offs,
Mpeppe
(MPEPE)
is
benefiting
from
strong
community
engagement
and
a
successful
presale.

Mpeppe
(MPEPE)’s
appeal
lies
in
its
combination
of
humor,
community-driven
growth,
and
the
potential
for
high
returns.
As
Solana
(SOL)
holders
look
for
alternative
investments
to
hedge
against
further
losses,
many
are
turning
to

Mpeppe
(MPEPE)

as
a
promising
option.
The
meme
coin’s
presale
has
been
a
major
success,
with
analysts
predicting
significant
upside
potential
once
it
officially
launches.

Whale
Support
for
Mpeppe

The
success
of
Mpeppe
(MPEPE)’s
presale
can
be
attributed
to
the
strong
support
it
has
received
from
crypto
whales.
These
large
investors
have
recognized
the
potential
of

Mpeppe
(MPEPE)

as
a
high-growth
asset
and
have
been
buying
into
the
presale
in
significant
amounts.
This
influx
of
whale
support
has
not
only
boosted
the
presale
but
also
positioned

Mpeppe
(MPEPE)

as
a
strong
contender
in
the
meme
coin
market.

As
Solana
(SOL)
struggles
to
maintain
its
position,

Mpeppe
(MPEPE)

is
riding
a
wave
of
positive
sentiment,
making
it
one
of
the
most
talked-about
new
cryptocurrencies
in
the
market.
The
strong
backing
from
whales
and
the
growing
community
support
suggest
that
Mpeppe
(MPEPE)
could
be
poised
for
significant
growth
in
the
coming
months.

Conclusion

The
contrasting
fortunes
of
Solana
(SOL)
and
Mpeppe
(MPEPE)
highlight
the
dynamic
nature
of
the
cryptocurrency
market.
While
Solana
(SOL)
faces
ongoing
challenges,
including
significant
sell-offs
and
declining
development
activity,

Mpeppe
(MPEPE)

is
gaining
momentum
with
strong
whale
support
during
its
presale.
As
investors
navigate
these
uncertain
times,
the
decision
to
hold
onto
Solana
(SOL)
or
explore
new
opportunities
like
Mpeppe
(MPEPE)
could
have
a
significant
impact
on
their
portfolios.
With
the
presale
phase
nearing
completion
and
strong
backing
from
major
investors,
Mpeppe
(MPEPE)
is
emerging
as
a
cryptocurrency
to
watch
closely
in
the
coming
months.

For
more
information
on
the
Mpeppe
(MPEPPE)
Presale: 

Visit

Mpeppe
(MPEPPE)

Join
and
become
a
community
member: 

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ