Solana (SOL) recently experienced an 11% rally amidst shifting regulatory winds and a pause in global trade tensions. While this surge caught the attention of traders and analysts, a major whale offloading a significant amount of SOL has raised some concerns. The whale, who recently unstaked 1.32 million SOL, has begun offloading roughly 100,000 SOL worth $10.7 million to Binance. This move is linked to repaying a $20 million USDC loan, raising questions about potential exit signals that could influence market sentiment in the short term.
The rally in SOL comes as President Donald Trump announced a 90-day tariff pause and Paul Atkins was confirmed as SEC Chair, providing relief for risk markets. This tariff rollback and a friendlier regulatory environment have reignited appetite for higher-beta assets like Solana, with investors interpreting these developments as a green light for capital rotation into crypto. Following the tariff pause, Solana is showing resilience by holding above $160 support, with a symmetrical triangle forming on the daily chart, hinting at a potential breakout above $180.
The altcoin market cap has climbed post-announcement, pressing against resistance near $1.17 trillion, signaling renewed investor risk appetite. However, Solana’s upward momentum faces macroeconomic and market risks, including concerns about persistent inflation, potential delays in Federal Reserve rate cuts, and the impact of President Trump’s tariff policies on inflation and market stability. Additionally, if Bitcoin dominance continues to rise and investors’ risk appetite shifts back to BTC, Solana’s relative strength could weaken. Overall, the charts indicate a cautiously optimistic outlook for an early-stage altcoin resurgence fueled by geopolitical relief.
