SOL, the native token of the Solana blockchain, is in the spotlight due to recent price fluctuations and notable whale activity. On February 25, 2025, Crypto Beast, a blockchain-based transaction tracker, reported instances of Binance selling its Solana holdings on social media platform X.
The news has sparked discussions and concern among investors regarding the potential implications for Solana's market value, with the possibility of its price collapsing below the $100 mark. Such developments have made the cryptocurrency a focal point in the ongoing market movements and trading strategies.