On the morning of April 4, Sol fell to its lowest level in three weeks after Trump’s tariffs were announced. Let’s explore the key reasons for this decline.
Solana drops sharply
The price of Solana (Sol) has dropped to $115, a sharp drop of nearly 12.75% over the past 24 hours, as shown in TradingView’s daily SOL/USD chart. This decline has lifted SOL to its weakest level since mid-March, eliminating most of the gains accumulated in recent weeks.
Source: TradingView
From a technical analysis perspective, SOL’s daily chart forms a bear flag pattern, which is a long bearish signal. SOL is now trading at the lower edge of the pattern, which suggests that it could drop to $96 if there is no reversal. Prices have returned to the main support zone in early March, but there is no sign of relaxation in sales pressure. The bearish outlook is casting the near-term outlook for SOL, making traders feel uneasy.
Today’s large-scale sol unlocking impact
According to Arkham Intelligence, today, April 4, 2025, the total value of $200 million will be unlocked. Until 2028, this is the biggest unlock, involving 1.79 million SOLs (about $200 million). The sol comes from four accounts in April 2021, worth $37.7 million, and is now making 5.5 times the profit at its current price. The massive release of entry into circulation could exacerbate already strong sales pressures, especially as Sol’s price action grows increasingly negative.
This is a critical moment for investors to act cautiously – experts recommend avoiding high leverage to minimize liquidation risks and protect against increased volatility.
Tomorrow’s $200M sol unlock
Tomorrow (April 4) is the largest single-day fixed sol unlock until 2028.
These 4 accounts invested a total of $37.7 million in SOL in April 2021, and their current price has risen 5.5 times. pic.twitter.com/qvkfwxygh9
-Arkham (@arkham) April 3, 2025
Additionally, President Donald Trump’s tariff announcement has caused panic, lifting investors out of risky assets such as SOL to a safer option. Not only SOL, but also totals the cryptocurrency cover (total) and Nasdaq Comprehensive Comprehensive local situation, thus eliminating trillions of dollars. With uncertainty looming, Sol’s struggle reflects a turbulent period of risky assets, as its fate depends on market sentiment and technical level.
Read more: New Member Trends on Solana: $GHIBLI
