there could be great selling pressure.

If supply exceeds demand, the price of SOL will go down.

Solana (SOL) could face a wave of selling in the coming days that threatens to push its price down.

According to data from the Coinglass explorer, more than 227 million dollars in Solana were sent to exchanges last week, figures not seen since March 2024.

As shown in the following chart, the green bars indicate that traders deposited a significant amount of SOL in exchanges during the week from December 29 to January 5.