Solana Price Prediction: SOL Hovers at $154 With Whale Transfer & $323M Losses

Solana at $154 after whale sell-off and $323M losses. Can Chainlink CCIP and Solana App Kit trigger a breakout?

Written by: Maham Arslan • Sunday, June 1, 2025 • 2 min read

Solana Price Prediction: SOL Hovers at $154 With Whale Transfer & $323M Losses

Quick overview

Solana at $154 after whale sell-off and $323M losses. Can Chainlink CCIP and Solana App Kit trigger a breakout? Key levels and trends to watch.

Solana SOL/USD is at $153.97, down 1.61% in the last 24 hours, holding onto a crucial support zone. The recent dip is due to a big whale transfer of almost 1 million SOL—worth around $161 million—causing investors to get cautious. Net realized losses are $323 million at $156, showing the ripple effect of this big sell off.

SOL also went below the 34-day EMA ($163.20) with increasing volume, bearish momentum is intensifying. But it’s still above the critical support zone of $150-$156 with the 50-day and 100-day moving averages.

Key points:

Whale transfer: ~$161 million in SOL
Net losses: $323 million at $156
Critical support: $150-$156 with aligned moving averages

Solana Ecosystem Growth: Chainlink CCIP and Solana App Kit

While the price is choppy, Solana’s ecosystem is growing. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is now live on Solana—its first deployment on a non-EVM blockchain. This is big for Solana’s cross-chain DeFi. Chainlink was big for Ethereum.

Solana also released its Solana App Kit, an open-source toolkit to build mobile dApps fast. This supports over 18 protocols, simplifies app creation for wallets, NFTs and DeFi platforms and will increase engagement on Solana’s fast network.

Highlights:

Chainlink CCIP: Unlocks cross-chain DeFi for Solana
Solana App Kit: Enables mobile dApp development
Ecosystem momentum: More adoption and liquidity

SOL/USD

Solana Technical Setup: Testing Support with Potential Rebound

On the 4-hour chart, SOL’s price is in a classic ascending triangle setup. Price is testing the rising trendline support from early May, but the recent lower highs and the dip from $177.58 shows seller dominance. The 50-period EMA ($165.04) and 200-period EMA ($163.18) are now resistance, confirming the bearish bias.

Solana Price Chart - Source: Tradingview — Solana Price Chart – Source: Tradingview

But higher lows since mid-May are showing buyers are coming in. If SOL holds $150.70 and forms a bullish candlestick pattern—like a Hammer or Bullish Engulfing—backed by MACD convergence, we could see a move to $157.73 or higher.

Key levels to watch:

Support: $150.70, $145.67, $140.33
Resistance: $157.73, $163.18, $165.04

For newbies, patience is key. Wait for a clear buy signal at $150.70—a strong candlestick pattern with increasing volume—before getting in. Without confirmation, the downside is open. But a bounce here could be a good long opportunity to $157-$165.

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ABOUT THE AUTHOR See More

Maham Arslan

Crypto News Writer | Blockchain & Web3 Reporter

Maham is a crypto news writer and market analyst specializing in breaking down the latest developments across blockchain, digital assets, and decentralized finance (DeFi). With hands-on experience covering high-impact stories—from regulatory shifts and token launches to macro-driven price movements—she delivers timely, accurate, and SEO-optimized content for fast-growing crypto media platforms. Her expertise lies in producing daily news reports, price predictions, technical summaries, and coverage of market-moving events. Maham tracks real-time updates across global newswires, X (Twitter), and on-chain data to provide actionable insights tailored for retail traders, crypto enthusiasts, and institutional readers. With a strong grasp of crypto fundamentals and Web3 trends, she delivers content that’s informed, accessible, and always on time.