Solana Whale Moves $127M as $RAY Token Drops 25% – What’s Next?
The altcoin market is flashing warning signs, and Solana (SOL) is right in the middle of it.
Solana’s price is down 11% in the last 24 hours, with whale activity fueling speculation.
Raydium’s $RAY token has plunged 25%, hit by fears of competition in Solana’s DeFi space.
Key Developments:
A whale moved $127M worth of SOL (~842,000 SOL) to an unknown wallet.
Solana’s on-chain activity is at a five-month low, and fees are declining.
Pump.fun’s rumored AMM launch threatens Raydium’s dominance, triggering a sharp sell-off in $RAY.
Are these signs of deeper altcoin trouble, or could they present a buying opportunity?
Solana Whale Activity: Bullish or Bearish?
On February 24, 2025, on-chain trackers spotted a $127 million transfer of SOL to an unknown wallet.
What This Means:
Whale Selling? Large transfers can indicate profit-taking before a price dump.
Strategic Holding? Some whales move coins to cold storage for long-term holding.
Staking? It could be a repositioning for staking rewards, signaling long-term confidence.
Solana’s Market Performance (Feb 2025)
- Price: ~$152 (-11% in 24h, -49% from yearly high of $294)
- User Activity: At a 5-month low
- Network Fees: Declining, reflecting lower usage
“A $127M SOL move just hit the network. Is a dump incoming or just repositioning? Watch that wallet!”
If this whale plans to sell, SOL could test $109 support—but if it’s for staking, it might signal long-term strength.
$RAY Token Drops 25%: Will Raydium Hold Its Dominance?
Raydium ($RAY), Solana’s leading decentralized exchange (DEX), has taken a hard hit.
$RAY Price Drop:
- -25% in 24h
- -33% over the past week
- Currently trading around $3.09
What’s Behind the Crash?
Pump.fun, Solana’s leading memecoin launchpad, might launch its own AMM (Automated Market Maker).
Raydium currently handles Pump.fun token liquidity—if Pump.fun switches, Raydium loses trading volume.
Liquidity concerns: $RAY’s dominance in Solana DeFi is at risk.
“Pump.fun’s rumored AMM could shake up Solana’s DeFi space. Raydium is feeling the pressure.”
Key Levels to Watch:
- $3.15 support – If broken, $RAY could test $3.00 or even $2.85.
- Recovery depends on Solana’s ecosystem growth and DEX adoption.
If Raydium loses its role as Solana’s go-to DEX, $RAY could struggle—but if Solana rebounds, Raydium may benefit.
Can Solana Recover, or Is More Pain Ahead?
Bearish Factors for SOL:
❌ Declining on-chain activity – Fewer transactions mean less demand for SOL.
❌ Whale movement could signal a sell-off.
❌ Memecoin hype fading – Solana’s 2024 bull run was fueled by memecoins.
Bullish Factors for SOL:
✅ Institutional Interest – Rumors of a Solana ETF approval could bring in major investors.
✅ Strong DeFi ecosystem – Despite $RAY’s drop, Solana still leads in fast, low-cost transactions.
✅ Whale accumulation possible – If the $127M transfer was for staking, SOL’s long-term outlook remains strong.
“Solana ETF rumors could be the lifeline SOL needs. Watch for big moves soon.”
The next few weeks will be critical—watch whale movements and ETF discussions closely.
What’s Next for Solana and $RAY?
Short-Term Price Targets:
| Token | Bullish Target | Bearish Target |
|---|---|---|
| Solana (SOL) | $170+ (if whale accumulation continues) | $109 (if selling pressure increases) |
| Raydium ($RAY) | $3.50 (if liquidity remains) | $2.85 (if Pump.fun moves away) |
Key Factors to Watch:
- Whale wallet activity – If more large transfers happen, expect volatility.
- Solana ETF discussions – If approved, SOL could surge.
- Pump.fun AMM news – If confirmed, $RAY could face more downside.
“SOL and $RAY are at a crossroads. Holders need to stay sharp—big moves ahead.”
Will Solana bounce back, or is more downside coming? Watch for the next major whale move.
Final Thoughts: Is This a Buying Opportunity or a Warning Sign?
Bullish Case for SOL & $RAY:
✔ Solana ETF rumors could drive new investment.
✔ If whales are accumulating, SOL may rebound.
✔ Raydium still dominates Solana’s DEX market—for now.
Bearish Case for SOL & $RAY:
❌ Whale selling could push SOL toward $109.
❌ Raydium’s dominance is at risk if Pump.fun launches its own AMM.
❌ Memecoin hype fading could reduce Solana’s trading volume.
What’s Your Take?
Are you buying the dip on Solana and $RAY, or do you think more downside is coming? Drop your thoughts below!
