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Solana whale activity

Whale Moves $51M to Kraken: Is Solana Gearing Up for a Surge?

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  • Solana trades sideways near $147 with a modest 0.25% weekly gain.
  • Whale transfer of $51M SOL to Kraken sparks market volatility concern.
  • Technical indicators suggest a potential breakout above $147 resistance.

Solana (SOL) is trading at $147.40, down 0.56% from its performance in the last 24 hours, with its week-to-date performance retaining an unchanged 0.25% rise. The 24-hour trading volume, instead, is down 42.35% to $1.55 billion, indicating decreased market activity as well as potential consolidation. 

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Source: Coinmarketcap

Analysts say Solana is creating a close trading range, trading above major exponential moving averages (EMAs), signifying a persistent bullish structure with decelerated momentum.

Technical indicators confirm a Relative Strength Index (RSI) of 60.62, which depicts moderate bullishness in the absence of overbought conditions. The Signal and the MACD lines are constricted tightly, which implies the move could be awaited in the offing. 

The 4.59% narrowing of the Bollinger Band also points toward chances of an ensuing jump in volatility. With solid support available in the vicinity of $145, closing above the $147 mark, coupled with confirmation from the presence of volumes, could mark the initiation of a new rally.

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Source: X

Crypto market reacts to solana whale activity

Despite the quiet technical preparation, one of the large Solana holders, commonly known as a “whale,” unstaked 340,510 SOL (approximately $51.18 million) and transferred 300,000 SOL to the Kraken exchange after having held them for five months. The individual transaction drew attention throughout the crypto market, primarily as an indication of added sell-side liquidity and subsequent pressure on prices.

The mystery whale still holds about $6.64 million in unstaked SOL. Though no comment from Solana leadership is available, timing as well as size have created an air of speculation. These large-scale movements tend to precede profit-taking or strategic repositioning, with market players waiting keenly for patterns or follow-up activity.

Solana’s strong long-term outlook in 2025

Projected for 2025, Solana’s future in the long term is positive despite the current short-term setbacks. Market analysts foresee Solana reaching $323.63 within the year, beating its all-time high of $294.33. Although the coin recently dipped to $289.36 in early January 2025, its resilience is an indication that the coin will continue to bounce back in the subsequent months.

Despite some recent volatility in the asset, technical indicators continue to imply that Solana maintains a large upside. While the asset is consolidating, eventually finding potential support near the $145 mark, breaks above $147 provide fresh buy opportunities. With an attractive risk/reward setup, traders are invited to pay attention to the long-term growth path, positioning in expectation of future profits as market sentiment remains positive.

Related Reading | KuCoin Plans Return to South Korea After Regulatory Compliance Success

Solana Whale Unstakes 100K $SOL After 4 Years, Sits on $153 Million Profit

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  • A Solana whale who staked 991,079 SOL in 2021 has now made a profit of over $153 million, with a current holding of 1.29 million SOL worth over $180 million.
  • The whale recently withdrew 100,000 SOL (worth about $13.9 million) to Binance, possibly for selling, but still holds 1.19 million SOL.

A Solana whale has made over $153 million in profit after staking tokens for four years. Recently, they withdrew about $13.9 million worth of SOL but still have more than a million coins in their wallet.

The whale drew attention to himself after taking out about 100,000 SOL, worth nearly $13.9 million, from his staking account and sending it to Binance.

According to Lookonchain, the whale staked 991,079 SOL in 2021 when the price was trading at about $27. At that time, the total cost of buying 991,079 SOL was almost 27 million.

After four years, the whale grew his holdings to 1.29 million tokens, which are now valued at more than $180 million, with Solana trading at about $140. On the 22nd of April, the investor took out a little profit by moving a portion of the money to Binance exchange, a step that many believe could be linked to selling.

Despite this move, about 1.19 million SOL still remains untouched. In total, the whale is sitting on a profit of more than $153 million, suggesting that the withdrawal is a more calculated move rather than a full withdrawal.

Solana Gains Amid Recent Volatility

Recently, Solana has shown a mix of strength and price swings. Currently, Solana is trading at $151.49 and has been up by 8.2% in the last 24 hours. Even with this small rise, the token has stayed between $134.72 and $150.35, suggesting it’s moving sideways instead of breaking out.

Over the last seven days, the price jumped by 21.6%, doing better than the overall crypto market, which rose 5%. In two weeks, it climbed more than 42%, but its monthly increase is just 8.3%, showing some ups and downs after having a strong move earlier in the month.

Related Reading | Solana beats resistance: key levels to watch after 17% weekly gain

Solana beats resistance: key levels to watch after 17% weekly gain

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  • Solana surges over 7% to $148.35 with robust market momentum and institutional interest.
  • Technical indicators suggest overbought conditions but highlight continued bullish potential.
  • Whale activity and major fund movements spotlight growing confidence in Solana over Ethereum.

Solana (SOL) is currently trading at $148.35 at 18:00 UTC today, marking a 7.06% increase in the last 24 hours. Its trading volume soared to $4.65 billion, up by 17.43%, confirming strong participation. The past week has seen SOL rally over 17%, underpinned by renewed institutional interest and improving network fundamentals.

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Source: Coinmarketcap

The price action of Solana is still structurally bullish, with momentum indicators like the Average Directional Index (ADX) at 100, denoting a very strong trend. The MACD indicates a positive divergence, and although the Relative Strength Index (RSI) at 76.32 indicates overbought levels, the underlying power favors further upside potential.

Volume has held firm, although slightly lower than a peak of $4.82 billion, and the Bollinger Band expansion of 12.61% indicates a surge in volatility to come. Technical levels to monitor are resistance levels at $147–152 and levels of support at $138, with cautious positions recommended below the $132 level.

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Source: X

Solana holdings grow to $180M for whale investor

Heavy wallet action contributed to market interest. One of the leading Solana whales, having staked nearly a million SOL in 2021 at a price of $27 a token, totaling a $27 million stake, now has their holdings valued at 1.29 million SOL, or some $180 million.

In April, the whale unstaked 100,000 SOL, valued at approximately $14 million, and sent the tokens to Binance, a gesture that has been widely interpreted as a possible sale. This new development came after a massive removal of lock-up earlier this April, where four accounts holding $37 million in staked SOL had their assets unlocked, tokens that have since increased to over $206 million in value.

Such whale movements, combined with Solana briefly leading Ethereum in staking market cap dominance on April 20, highlights increasing investor optimism but sparks debate over token distribution and centralization.

Solana Short-Term signals stay bullish

Although there are positive indications in the short term, longer-term expectations are cautious. Changelly is projecting an average price in 2025 at $148.66, with a moderate return of -3.5%. A tighter range of $136.68 to $144.42 is anticipated in April 2025.

With this current volatility measured at 2/10, traders should adopt disciplined risk management. Entries to the $138–141 level strategically on pullbacks are preferred, with continued guarded optimism in the market to absorb significant moves by the whales.

Will Solana Break Resistance and Surge Beyond $450? Here’s Why It’s Possible

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  • Solana has dropped 12% in the past week as Bitcoin’s volatility triggered widespread sell-offs.
  • Despite a 4.63% price dip, SOL’s 24-hour trading volume surged 104% to $13.34 billion.
  • A whale moved 71,448 SOL to Binance but still holds 568,000 SOL in staking, signaling long-term confidence.
  • If SOL breaks past $233.80, it could rally toward $450, driven by bullish technical patterns.

Solana (SOL) has taken a hit amid recent market volatility, triggered by a wave of sell-offs across the crypto space. Over the past week, SOL has dropped by 12%, reflecting a bearish phase as Bitcoin’s wild price swings sent shockwaves through the market, dragging altcoins down with it.

At the time of writing, Solana is trading at $118.59, with a 24-hour trading volume of $13.34 billion and a market cap of $60.79 billion. Over the past day, SOL’s price has declined by 4.63%, yet its trading volume has surged by nearly 104%, hinting at strong market activity and the potential for a short-term rebound.

SOL 1D graph coinmarketcap 1
Will Solana Break Resistance and Surge Beyond $450? Here’s Why It’s Possible 8

Whale Movements Stir Market Sentiment

According to data from Lookonchain revealed a significant whale transaction, adding to the market’s intrigue. A large holder unstaked and deposited 71,448 SOL ($8.54 million) to Binance just 20 minutes before the report.

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Will Solana Break Resistance and Surge Beyond $450? Here’s Why It’s Possible 9

Despite this move, the whale still retains a massive 568,000 SOL ($68 million) staked, signaling continued confidence in the asset’s long-term prospects.

Solana’s Rally Could Extend Beyond $450l?

Despite the short-term turbulence, some market observers remain optimistic. Crypto expert Javon Marks pointed out that Solana is still riding on a Hidden Bullish Divergence, a technical pattern that could pave the way for a major price surge.

Marks suggests that SOL may be gearing up for a return to the $233.80 level, representing an 80% potential upside. However, the rally might not stop there, if SOL breaks past this key resistance, it could unlock higher targets beyond $450.

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Will Solana Break Resistance and Surge Beyond $450? Here’s Why It’s Possible 10

While market conditions remain uncertain, Solana’s resilient trading volume, whale activity, and bullish technical signals suggest that the current downtrend may be temporary. If Bitcoin stabilizes and investor sentiment shifts, SOL could be poised for a strong comeback.

Read More: Why AVAX Could Hit $250 While Bitcoin Lags Behind

Solana’s Short-Term Outlook: TD Sequential Shows Promise Despite Bearish Signals

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  • The TD Sequential indicator predicted Solana’s intraday top before the Bybit hack and is now signaling a short-term buying opportunity.
  • Franklin Templeton’s filing for a Solana spot ETF could attract institutional investment and boost market legitimacy.
  • Technical analysis shows weak price action, with concerns that SOL may not move upwards until surpassing $209.

Solana ($SOL) has been in the spotlight recently, with significant technical and fundamental developments shaping its market outlook. Crypto expert Ali Martinez recently pointed out that the TD Sequential indicator perfectly predicted SOL’s intraday top just before the Bybit hack, showing its potential to forecast key price levels accurately.

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Solana’s Short-Term Outlook: TD Sequential Shows Promise Despite Bearish Signals 15

Now, the same indicator is flashing a buy signal on the hourly chart, suggesting a potential upward momentum for Solana’s price in the short term. This shift could offer traders a potential opportunity for gains, depending on how the price action unfolds.

As of the latest data, Solana’s price stands at $174.44, with a 24-hour trading volume of $13.38 billion and a market capitalization of $84.87 billion. Despite the optimism, SOL has seen a decrease of 3.19% in the last 24 hours, with its market dominance sitting at 2.63%.

SOL 1D graph coinmarketcap 5 2
Solana’s Short-Term Outlook: TD Sequential Shows Promise Despite Bearish Signals 16

Solana Spot ETF Marks Key Milestone

In addition to this, another positive factor for SOL comes from the traditional finance world. Franklin Templeton, a renowned global investment management firm, has filed an S-1 security application for a Solana spot ETF.

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Solana’s Short-Term Outlook: TD Sequential Shows Promise Despite Bearish Signals 17

The move signals growing institutional interest in the Solana blockchain and its native token, SOL. A spot ETF based on Solana could help bolster its legitimacy and bring in significant institutional capital, potentially driving up its market value. The filing marks a critical milestone for SOL, highlighting its increasing adoption among major financial institutions and investors.

Solana’s Bullish Hopes Dim as Weak Price Action Persists

From a technical analysis standpoint, More Crypto Online has highlighted concerns about SOL’s current price action. According to their review, the price has yet to form the expected five-wave move to the upside from this week’s low, signaling potential weakness. Their analysis suggests that SOL could face a bearish pathway until it forms the required five-wave move and breaks above the $209 level.

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Solana’s Short-Term Outlook: TD Sequential Shows Promise Despite Bearish Signals 18

While some indicators point to short-term bullish potential for SOL, caution is advised as bearish signals persist in the market. Investors should keep an eye on SOL’s price action, as it could navigate between these mixed signals in the coming days.

Related Reading | SEC Crackdown? Consensys Warns New Rule Could Destroy U.S. Crypto Market

Solana (SOL) Price Surges 14%: Breaks Key Resistance and Eyes $330 Target

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  • Solana (SOL) has surged nearly 14% in the past week, riding a broader altcoin rally driven by Bitcoin’s recent surge.
  • Significant whale activity, including a $30.44 million deposit into a DeFi platform, highlights strong institutional confidence in Solana’s future.
  • With a breakout from its downtrend and reclaiming support levels, analysts are targeting $330 for Solana’s next major price level.

Solana (SOL) is experiencing a strong uptrend, breaking crucial resistance levels and positioning itself for even higher price targets. Over the past week, Solana has surged nearly 14%, signaling robust bullish momentum in the cryptocurrency market. This rise comes as part of a broader altcoin rally, fueled by Bitcoin’s recent surge, which has lifted the entire market, including SOL, to new highs.

As of the latest market data, SOL’s price stands at $218.84, reflecting a 7.31% increase in the last 24 hours. With a 24-hour trading volume of $26.34 billion and a market capitalization of $105.96 billion, Solana is cementing its place as a dominant player in the crypto space. SOL’s impressive performance signals strong investor confidence and continued bullish sentiment.

SOL 1D graph coinmarketcap 3
Solana (SOL) Price Surges 14%: Breaks Key Resistance and Eyes $330 Target 22

Whale Activity Signals Strong Solana Demand

Recent on-chain data from Spot On Chain has revealed significant whale activity surrounding SOL. A prominent whale recently spent 2.49 million USDC to purchase 11,824 SOL. Shortly after, the whale withdrew 18,527 SOL (worth around $3.94 million) from Binance and deposited the funds into Kamino, a decentralized finance (DeFi) platform, to borrow stablecoins. This type of whale activity suggests that institutional investors are increasingly confident in SOL’s price potential and are positioning themselves for further gains.

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Solana (SOL) Price Surges 14%: Breaks Key Resistance and Eyes $330 Target 23

In total, the whale has deposited 144,817 SOL (valued at approximately $30.44 million) into Kamino, borrowing a substantial $20 million in stablecoins. This high-level activity demonstrates that whales believe SOL’s value will continue to rise, and they are actively taking advantage of its bullish price movement.

Solana’s Breakout and Future Price Targets

Crypto analysts are also optimistic about SOL’s future. Notable crypto analyst Jelle highlighted that Solana has broken free from a long-standing downtrend, successfully reclaiming its monthly and weekly support levels. This technical breakout, coupled with strong price action, signals that SOL is now in a prime position for future growth.

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Solana (SOL) Price Surges 14%: Breaks Key Resistance and Eyes $330 Target 24

Jelle’s analysis suggests that SOL’s next major target is $330, a price level that many traders and investors are eagerly watching. As the market continues to favor bullish momentum and altcoins like SOL gain traction, the $330 target seems within reach.

Several factors contribute to Solana’s bullish outlook. First, the overall cryptocurrency market is in a strong upward phase, with Bitcoin’s recent surge acting as a catalyst for altcoins like SOL. This increase in demand for SOL is further evidenced by whale activity, which often signals strong market confidence.

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