So last week a lot of SOLs were sent to exchanges, signaling possible selling pressure
Will it really happen or could it just be a move to manipulate the price?
It could be both and certainly later this will have an impact on the price of SOL. But for now, the market is indeed in a condition that is not good enough, yes in the sense that it is undergoing another correction, when BTC has managed to rise above $ 100k again, and in the end after that it was immediately slammed to the rate of $ 92k - $92k.
And of course it affects the altcoins profile too, and as we can see, almost all altcoins are also slammed with their prices. even for SOL, the price turned to $ 182 again, and fell more than 9% from the price level in 1 week. This is bad enough, but this market condition can be one of the manipulations, to make people panic sell. and the ones who benefit are whales where they can buy coins at a fairly low price, before the market will be pumped back. and now, SOL, again, taken over by BNB in coin market cap.