Solana Whales Buy $41.5M in SOL – Can the Price Reclaim $110?

After surging to $110, Solana ($SOL) fell to a low of $102 amid the broader market slowdown. Since then, the cryptocurrency has been consolidating and trading sideways. The pullback mirrors a wider cooldown across crypto markets, where trading activity and speculative appetite have both eased in recent sessions.

At press time, Solana was trading at $105, up 1.4% on the daily charts and extending its 13% weekly gain. However, altcoin trading volume dropped 64% to $1.8 billion, pointing to reduced market activity.

Solana showed some weakness as speculative activity dried up. Over the past 12 hours, $471.85 million flowed out of the futures market while only $456 million flowed in. Declining derivatives participation often accompanies range-bound price action, as leveraged traders step back rather than commit to a directional bet.

Solana Whale Returns with an $8M Buy

Over the past week, demand for Solana from high-net-worth investors, both individuals and institutions, has risen significantly. AMBCrypto previously reported that Solana spot ETFs recorded $138 million in net inflows. Those inflows reflect growing institutional access to SOL exposure in the United States, where multiple spot Solana ETFs began trading in 2025 after regulatory approval. Beyond institutions, whales have been aggressively accumulating since $SOL crossed the $100 mark.

With $SOL holding firmly above $100, high-net-worth investors have grown optimistic and are eyeing further gains. The recent market cooldown has created a favorable window for whales to keep buying.

Lookonchain reported that a whale returned after eight months of dormancy, purchasing 76,856 $SOL worth $8 million from Hyperliquid.

This has become part of a broader trend. A day earlier, Lookonchain reported two whales buying $33.5 million worth of $SOL. Whale accumulation during a period of upside stability signals strong confidence in the market, according to the report.

Exchange flows further corroborate the accumulation. After briefly turning positive, Solana's spot netflow dropped again and stood at roughly -$4.5 million at the time of writing, reflecting higher outflows. Negative netflow means more SOL is leaving exchanges than arriving, which is commonly read as a sign that holders are moving coins to self-custody or cold storage rather than preparing to sell. Historically, strong demand from high-net-worth investors has often preceded gains on Solana price charts.

What to Expect Next for $SOL's Price?

Although the market has shown weakness, Solana's technical structure remains bullish, as indicated by the ADX with SMA indicator. At press time, the +DI hovered above the -DI, with the ADX and SMA above both. Likewise, the Bull-Bear Ratio held positive, suggesting bulls retained control of the market.

These two indicators reflect upward pressure and the trend's potential to hold. If investors, particularly whales, continue buying and futures traders return to opening new positions, the trend could resume. In that scenario, $SOL would close above $105 and target a flip of the $110 level where the previous trend collapsed. That level now acts as the key resistance to reclaim, and a decisive close above it would mark a return to the prior uptrend's structure. However, if the derivatives market remains dominated by sellers, sideways movement is likely to persist.

Final Summary

A Solana whale returned after eight months of inactivity and bought 76,856 $SOL worth $8 million from Hyperliquid. $SOL has traded within a narrow range between $104 and $105 amid the market slowdown, but the market structure leans bullish.

Source: AMBCrypto