币界网报道：Solana's recent price surge faces resistance as on-chain data indicates potential selling pressure from large holders. The SOL token climbed over 30% in the past week, reaching $175 before encountering resistance. However, blockchain analytics reveal that wallets holding between 100,000 to 1 million SOL (worth $17.5 million to $175 million at current prices) have been distributing tokens during the rally. These "whale" wallets reduced their holdings by approximately 1.5 million SOL ($262 million) in the past week, suggesting profit-taking behavior. The selling comes despite strong network fundamentals, including record-breaking transaction volumes and growing decentralized exchange activity on Solana. Market analysts note that while retail enthusiasm remains high, the whale distribution could cap further upside in the near term. The $175-$180 zone now emerges as a critical resistance area, with support likely around $150 if selling intensifies. Some traders remain optimistic about Solana's long-term prospects due to its technological improvements and expanding ecosystem, but caution that short-term volatility may persist until the whale selling pressure subsides. The network's total value locked continues to grow, surpassing $4 billion, indicating sustained developer and user activity despite the price uncertainty.