Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Solana Whales Dump SOL Amid Major Token Unlock

“Many whales unstaked and dumped SOL today,” reported blockchain analytics platform Lookonchain on April 4. It highlighted four transactions of over $3 million worth of the Solana native token, the largest of which was a whopping 258,646 SOL worth around $30 million. The Solana selloff has been a result of the meme coin bubble bursting as the asset has dumped by 60% in just over two months. Many whales unstaked and dumped $SOL today! HUJBzd dumped 258,646 $SOL ($30.3M). BnwZvG dumped 80,000 $SOL ($9.47M). 8rWuQ5 dumped 30,000 $SOL ($3.53M). 2UhUo1 dumped 25,501 $SOL ($3M). Address: https://t.co/mCaB45W6pV https://t.co/wjhEwyZgFH https://t.co/Waqe4cxvbP … pic.twitter.com/kc1Q5GEKIX — Lookonchain (@lookonchain) April 4, 2025 Major Solana Unlock There was also around $200 million worth of Solana being unlocked on April 4, which is adding to the selling pressure. Arkham Intelligence said it “marks the largest single-day unlock of staked SOL until 2028.” CoinNess Global reported that 425,266 SOL, valued at $50 million, was unlocked, and 284,147 SOL, worth $33 million, had been transferred to the exchanges Binance, Kraken, and Coinbase. Solana token unlocks refer to events when previously locked SOL becomes available for trading, often due to vesting schedules or liquidation processes. The most recent significant unlock occurred in March when 11.2 million tokens worth $1.3 billion were released from the FTX bankruptcy estate. $200M OF SOL UNLOCKING TOMORROW Tomorrow (4th April) marks the largest single-day unlock of staked SOL until 2028. These 4 accounts staked a total of $37.7M of SOL in April 2021, and are up 5.5x at current prices. pic.twitter.com/qvKFWxygh9 — Arkham (@arkham) April 3, 2025 Token unlocks are generally bearish in the short term because they increase the circulating supply, which is currently 514 million for Solana. Fintech firm Ripple also unlocked $1 billion worth of its XRP token this week, adding to selling pressure as the asset dipped below $2 on April 3. Other recent major token unlocks include Sui, and its price has tanked almost 10% today. SOL Price Tanks SOL prices have declined by over 4% on the day, which is a larger loss than the wider market. The asset fell to $112 in an intraday low before recovering to trade around $118 at the time of writing. SOL has tanked by more than 16% over the past week, while the wider crypto market has only declined by 6.5%. This suggests that SOL is being dumped at a much faster rate than Bitcoin and other altcoins. The Solana blockchain is primarily used for memecoin minting and trading, and now that this bubble has burst, activity and network revenue for the ecosystem have slumped. This has resulted in SOL prices crashing to their lowest levels in over a year. The post Solana Whales Dump SOL Amid Major Token Unlock appeared first on CryptoPotato . CoinTurk News

---

XRP on a Pause Before the Next Massive Move to the Upside, Predicts Crypto Analyst – But There’s a Catch

A cryptocurrency analyst and trader is leaning bullish on XRP ( XRP ) as the fourth-largest crypto asset by market cap hovers around 40% below the 2025 high of about $3.40. The analyst pseudonymously known as Credible Crypto tells his 69,300 YouTube subscribers that XRP is currently in a consolidation phase. “XRP has been one of the strongest crypto assets since November in terms of returns on investment (ROI), in terms of gains… …XRP in my opinion is clearly a market leader here. And we are consolidating, we are correcting right now after hitting a high of $3.40. And I’ve said many times that in my opinion, this consolidation, this correction is simply a pause before the next massive leg to the upside.” According to the pseudonymous analyst, XRP could, however, plummet further before a bullish reversal. “I think that we’re going to see a move below these range lows at $1.80. We could go as low as the green area of demand here, which is between $1.30 to $1.60. How low we go into that, or how deep we go into that, whether we even test it at all is unknown. But the minimum target is the range lows [around $1.30] and then we should see a reversal back to the upside for the next leg to the upside.” Source: Credible Crypto/YouTube The pseudonymous analyst further says, “But the point here is that XRP is incredibly, incredibly strong. And yes, it is correcting. And in the immediate short term, I think it’s going to be a little bit weak as it moves down about 20% to the downside. So we are expecting some weakness on XRP, but only around 20% to 30% of weakness.” XRP is trading at $2.02 at time of writing. ? Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post XRP on a Pause Before the Next Massive Move to the Upside, Predicts Crypto Analyst – But There’s a Catch appeared first on The Daily Hodl . CoinTurk News