Solana's cryptocurrency, SOL, is expected to experience a significant price fluctuation, potentially nearing 6%, as large holders, known as whales, start offloading their assets ahead of crucial U.S. jobs data release. This volatility is anticipated as market participants often react to economic indicators, which can influence investor sentiment and trading strategies. The upcoming jobs data is particularly important as it can affect perceptions on the U.S. Federal Reserve's future interest rate policies, thus impacting crypto prices overall. Analysts suggest that traders should brace for this volatility as the job figures could lead to major adjustments in trading positions, especially from those with substantial holdings.
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