Solana OG: Offloads 30,000 SOL for $2.56M

Solana veteran who locked 991,079 SOL five years ago sold another 30,000 SOL worth $2.56 million eight hours ago, according to on-chain tracker Lookonchain. The address has now offloaded 965,274 SOL for $137.66 million at a $143 average sale price while retaining 381,140 SOL valued at $32.4 million.

Price action on the four-hour chart shows SOL trading inside the Bollinger Bands with the upper band at $88.4 acting as immediate resistance and the lower band at $83.77 offering short-term support. The EMA50 at $88.49 and EMA200 at $87.5 both sit above spot, confirming a bearish trend structure that caps upside attempts.

With price testing upper Bollinger resistance at $88.4 while RSI(14) prints 36.77 and MACD registers a bullish golden cross at -1.44, a healthy retracement toward the 50-EMA support near $88.49 appears probable before any sustained continuation. Traders watching SOL price prediction flows note this distribution pattern aligns with broader crypto market crash concerns and potential AI industry impact on risk assets.