Solana faces sustained institutional selling pressure and token unlock events that will suppress near-term recovery prospects
Too little corroboration in the last 3 days to call a trend (2 articles). Watching for it to gain traction.
"The sequence on an unprotected launch is consistent across venues. Sniper bots enter in block zero at the lowest available price. Organic buyers arrive in blocks 5–20 at a price already elevated by bot positions. Bots exit into that organic wave. The chart shows a steep pump followed by a dump, organic holders are left underwater, and the pattern reads as a rug to outside observers."
"Solana sits at $77.55 as of July 1 after Goldman Sachs sold its entire $108 million SOL ETF position and 624,666 tokens unlocked on June 7 according to CoinMarketCap. The selling from institutional exits and token unlocks makes any near term recovery an uphill grind."