• Solana lags Ethereum with a 38% Q4 decline versus ETH’s 32% drop.

• On-chain metrics reveal 78% of SOL holders underwater, compared to ETH’s stronger holder profitability.

• Exchange data shows over 80% long positions in SOL perpetuals, heightening downside vulnerability amid whale liquidations.

Discover why Solana’s $120 support feels shaky in 2025’s volatile market. Analyze holder losses, whale moves, and technical breaks—stay informed to navigate crypto risks today. (152 characters)

What Makes Solana’s Support Level Fragile?

Solana’s support level at $120 is under significant strain due to recent price breaks and unfavorable market dynamics. The token has declined 38% in the fourth quarter of 2025, outpacing Ethereum’s 32% drop, with on-chain data indicating 78% of holders in loss compared to just 46% for ETH. This disparity highlights Solana’s vulnerability as it fails to rebound from key resistance levels.

How Are Whale Activities Impacting Solana’s Price Stability?

Whale movements are exacerbating Solana’s precarious position. Data from on-chain trackers like Lookonchain shows a major whale, identified as GJwCUj, offloading 32,195 SOL tokens valued at $4.18 million, realizing a $2.04 million loss from holdings staked over 10 months ago. Such sales into a fearful market amplify downward pressure, especially as the altcoin sector bleeds capital against Bitcoin, with high-cap alternatives like Solana posting over 30% monthly losses. Glassnode reports confirm that 78% of SOL’s supply remains in profit-less territory, underscoring the risk of broader capitulation if $120 fails to hold.

Source: Glassnode

Solana’s momentum indicators further weaken its case, showing slower recovery patterns than Ethereum. Since peaking at $253 in mid-September 2025, SOL has shattered three critical support zones, leaving late entrants particularly exposed. In contrast, Ethereum rebounded from $3,800 resistance in October, buoyed by 54% holder profitability per Glassnode metrics.

Frequently Asked Questions

Why is Solana underperforming other major altcoins like Ethereum in Q4 2025?

Solana trails Ethereum due to deeper support breaks and higher holder losses, with SOL down 38% in Q4 against ETH’s 32% decline. On-chain analysis from Glassnode reveals 78% of SOL holders in the red, versus 46% for ETH in profit, signaling greater capitulation risk amid altcoin outflows from Bitcoin dominance.

Can Solana hold its $120 support amid current whale selling pressure?

Right now, Solana’s $120 level faces intense tests from ongoing whale disposals and lopsided long positions on platforms like Binance. With over 80% of perpetual trades betting upward per CoinGlass data, any further drops could trigger liquidations, but on-chain trends suggest monitoring for stabilization around key zones to assess rebound potential.

Source: TradingView (SOL/USDT)

Market positioning adds another layer of concern. CoinGlass indicators point to over 80% long exposure in SOL perpetuals on Binance, creating a crowded trade vulnerable to shifts. This imbalance, coupled with persistent whale sales during fear-driven periods, places additional strain on support structures.

Key Takeaways

• Solana’s Q4 Performance Lags: Down 38% versus Ethereum’s 32%, with broken supports since the $253 September high, exposing holders to deeper losses.
• Holder Sentiment Weakens: Glassnode data shows 78% of SOL supply unprofitable, far exceeding Ethereum’s 46% profit metric and raising capitulation flags.
• Bullish Positioning Risks Traps: Over 80% long trades on Binance, per CoinGlass, combined with whale dumps, could invalidate rebounds and test lower levels.

Conclusion

Solana’s fragile support level in late 2025 reflects broader altcoin struggles, with whale activities and lopsided market tilts amplifying downside risks. As 78% of holders remain in loss per Glassnode insights, the $120 zone demands close watch. Investors should prioritize risk management, eyeing potential stabilization or further breaks to inform strategies in this evolving crypto landscape.