Solana whales’ leveraged battle threatens the $120 SOL support as volatility escalates
Solana’s price hovered near $120 after three failed attempts to clear the $150 resistance in November, while traders faced intense volatility. Large holders are split, with one highly leveraged long position showing a $5.88 million unrealized loss and another whale’s short reportedly gaining $27.7 million, putting key support at risk. Circle has minted $55 billion in USDC on Solana in 2025, yet SOL’s bearish structure raises doubts over whether this liquidity is calming or amplifying market swings.
