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#Market Analysis After Tariff Policy #Market Analysis After Tariff Policy Moving hours in Solana price
Solana is facing a price fluctuation of 6% due to the uncertainty before the U.S. non-farm payroll data and the selling by whales. Solana's native token, SOL, may experience a price fluctuation of approximately 5.74% within the next 24 hours. This volatility, measured at 109.70% on an annual basis by the index, indicates significant movement potential on a daily basis.
Today, an unprecedented stake unwinding of a magnitude not seen until 2028 occurred. A wallet address named "HUJBzd" decided to sell approximately 379,700 SOL for about 44.47 million dollars by unstaking (. Some of these tokens were transferred to centralized exchanges.
Whales' Solana )SOL( sales are in the news.
According to on-chain data tracked by Lookonchain, several large investors sold a total of 46.3 million dollars worth of SOL tokens earlier today. As is known, whale sales can generally create pressure on prices in the short term.
However, the sold amount only corresponds to 0.97% of SOL's total trading volume in the last 24 hours. Therefore, the market's initial reaction was limited. SOL was trading at around $115 and had declined to $112 the previous day. Since reaching its peak of $295 in January, SOL has been in a downward trend.
Market experts indicate that this intense activity has created short-term selling pressure, but it may also affect the supply-demand balance in the long term.
Eyes on the US employment data
According to FactSet's estimates, the U.S. Non-Farm Payroll data may show that 130,000 new jobs were added in March. This figure is below the 151,000 in February and the 12-month average of 162,300.
The expectation for the unemployment rate is 4.2 percent, which is above the 4.1 percent in February. Average hourly earnings are expected to increase by 0.3 percent on a monthly basis.
In the event that macroeconomic data comes in below expectations, the likelihood of the Federal Reserve taking interest rate cuts this year may increase. This could also be a supportive factor for risky assets, including cryptocurrency markets.
IT IS NOT INVESTMENT ADVICE