- Whales accumulate SOL, reinforcing support at $200 and reducing circulating supply.
- Strong Open Interest and On-Balance Volume indicate sustained demand for Solana.
- Whale investments in AI tokens spark interest, boosting ARC and ai16z prices.
Large-scale investors (whales) have stepped in to defend Solana—SOL, from further downside. A dormant whale recently pulled 61,319 SOL, worth $12.4 million, from Binance and OKX. This same whale made two successful trades, earning $8.47 million. Another whale, “GJwCU,” reappeared after a year, withdrawing 30,901 SOL valued at $6.24 million. With more large holders accumulating, Solana could remain strong. Could this buying pressure push SOL higher?
Whales Are Strengthening Solana’s Price
Institutional investors are returning, removing large amounts of SOL from exchanges. A new wallet withdrew 30,900 SOL, worth $6.27 million, for staking. This move signals long-term confidence and reduces available supply. Buyers continue defending the $200 level. Strong Open Interest (OI) at $190 previously stopped major declines.
Technical signals show mixed trends. The Relative Strength Index (RSI) sits at 43.77, suggesting slight bearish pressure. Meanwhile, the On-Balance Volume—OBV, at 69.05 million reflects steady demand. Holding above $199 could attract more buyers. A dip below this level may trigger a retest of $190.
Solana’s AI Tokens Are Gaining Attention
Whales are not just focused on SOL. A major investor, “8u6u3,” bought $3.86 million of ARC and $3.56 million of ai16z. Before these purchases, 38,139 SOL moved from Coinbase, hinting at strategic positioning. These buys sent prices soaring.
ARC jumped 81%, while ai16z climbed 35%, showing strong market reactions. This surge highlights growing interest in Solana’s AI projects. However, long-term growth remains uncertain. Whale-driven rallies can fade quickly if broader demand does not follow.
For now, Solana is trading at a critical zone. If large holders keep supporting $200, a breakout could follow. Traders should watch key levels, as the next move may define Solana’s future trend.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed