Overview

• SOL pushed to roughly $253 before easing, with price holding above $242 after a short-term breakout over $250, according to the latest trading read.
• Immediate resistance sits near $248–$255, with higher hurdles flagged around $268–$272 and supports around $242–$240, then $232.
• On-chain tracker Lookonchain reported FalconX withdrew 118,190 SOL (about $28.39 million) from Binance a few hours after a roughly $98 million multi-exchange pull the previous day.
• Observers often view large exchange outflows as positioning for custody or staking rather than imminent selling, though the intent behind the transfers is not confirmed.
• Brave New Coin notes more than $180,000 worth of SOL was recently burned as network fees, reinforcing a narrative of tightening circulating supply alongside steady usage.