Solana Stalls Near $73 as Token-Economics Vote and Whale Flows Define Next Move

Reclaiming the $75–$78 zone is the technical trigger that would open targets near $100–$120.

Overview

SOL is trading around $72–$73 and has fallen about 10% over the past 30 days while staying below its 100‑ and 200‑day moving averages.
Two governance proposals, SGP-0002 and SGP-0003, entered a final discussion period that could speed disinflation and raise daily burns if validators approve them.
Blockchain tracker Lookonchain reported another Pump.fun sale of roughly 84,789 SOL, bringing the platform's reported cumulative sales to about 4.82 million SOL and adding persistent large supply pressure.
On-chain signals show mixed pressure as an estimated $17.4 million in SOL moved off Kraken into a whale address for possible longer-term holding even as large sales continue.
Technically, traders say a clean move above the $75–$78 range (or $76 in some charts) would confirm a breakout toward $100–$120 while failure to hold $72 risks a retest of $68 and then $60.