771 Solana Whales Hold Critical Positions as SOL Faces Intense Market Pressure

With 771 major Solana holders accumulating significant positions, SOL finds itself at a critical juncture. The latest on-chain data reveals 2,240,680 active holding addresses with 41.03% concentration among the top 10, creating a concentrated control structure that’s steering market dynamics. Currently trading around $89.95 with a +4.62% surge, the token is drawing intense scrutiny from both retail and institutional players positioning for the next major move.

771 Whale Concentration: Why It Matters for SOL Price Action

The presence of 771 major holders carrying substantial positions makes them pivotal market players. These large holders have the firepower to influence price movements and act as price discovery mechanisms during volatile periods. On-chain metrics show that the top tier is holding roughly 41% of all Solana tokens, indicating consolidated ownership that can either stabilize or amplify price movements depending on their actions.

Technical Pressure Points: The Shorts Are In Control

Perpetual futures markets paint a stark picture—98% of shorts are sitting on massive profits exceeding $184 million, creating a dangerous dynamic for long traders. Longs trapped at approximately $108 average entry are bleeding as the price struggles to reclaim critical resistance levels. The current price action at $89.95 has not yet alleviated the pressure on underwater positions, suggesting bulls need a decisive move above $100 to regain control.

Resistance and Support: Where The Real Battle Lies

The $96.50 level represents a critical fulcrum point. If price rejects at this resistance, technical analysts expect an accelerated downside cascade could unfold rapidly. The $89.50 level becomes the next target for bears, while the $102.10 zone serves as a crucial defensive stop for those still holding long positions. Each level carries asymmetric risk-reward setups that traders should monitor closely.

Key Takeaway: The Game Remains Fragile

With 771 major players involved and shorts dominating the profit side, Solana’s short-term trajectory hinges on whether bulls can mount a credible defense above key support levels. The whale concentration combined with $184M in short-side gains creates structural headwinds that aren’t easily overcome without decisive volume and fundamental catalysts. Price discovery remains ongoing—approach with caution and always conduct your own research.