Giant Whale Sweeps $50 Million! Solana Makes a Comeback with a 265% Surge, Could ETF Support Ignite the Bull Market Engine?
Solana (SOL) is becoming the new favorite among institutions! The latest data shows that the SOL price has returned to $138, rebounding strongly by 45% in just a few weeks, with a weekly increase of over 4%. A super whale on Binance has just withdrawn 374,000 SOL, with a market value exceeding $52.7 million, transferring it to a private wallet, clearly indicating an intention to hold long-term, releasing a strong bullish signal.
Moreover, GSR has teamed up with Upexi to invest $100 million in a private placement, establishing a financial strategy centered around SOL, clearly stating plans to increase holdings and stake SOL, signaling institutions embracing the Layer 1 rising star! Following closely, Janover has also invested $10.5 million to acquire 163,000 SOL, aiming to become the "MicroStrategy of SOL."
On-chain data is also booming, with over 1.49 billion transactions in 30 days and active addresses exceeding 105 million, surpassing Ethereum! The annualized staking yield is as high as 8.3%, far exceeding mainstream public chains.
From a technical perspective, SOL has broken through the downward trend line, with both RSI and MACD releasing strong bullish signals. Analysts even predict that the "cup and handle pattern" will help propel it to $500, with a potential increase of 265%.
As ARK plans to include Solana in its ETF and the SEC is expected to approve spot ETFs, JPMorgan predicts that first-year capital inflows could exceed $6 billion. Galaxy Digital is also making a major shift, moving from ETH to SOL, sweeping up 752,240 SOL.
Rehearsal for the bull market, Solana may become the next dark horse!
Solana (SOL) is becoming the new favorite among institutions! The latest data shows that the SOL price has returned to $138, rebounding strongly by 45% in just a few weeks, with a weekly increase of over 4%. A super whale on Binance has just withdrawn 374,000 SOL, with a market value exceeding $52.7 million, transferring it to a private wallet, clearly indicating an intention to hold long-term, releasing a strong bullish signal.
Moreover, GSR has teamed up with Upexi to invest $100 million in a private placement, establishing a financial strategy centered around SOL, clearly stating plans to increase holdings and stake SOL, signaling institutions embracing the Layer 1 rising star! Following closely, Janover has also invested $10.5 million to acquire 163,000 SOL, aiming to become the "MicroStrategy of SOL."
On-chain data is also booming, with over 1.49 billion transactions in 30 days and active addresses exceeding 105 million, surpassing Ethereum! The annualized staking yield is as high as 8.3%, far exceeding mainstream public chains.
From a technical perspective, SOL has broken through the downward trend line, with both RSI and MACD releasing strong bullish signals. Analysts even predict that the "cup and handle pattern" will help propel it to $500, with a potential increase of 265%.
As ARK plans to include Solana in its ETF and the SEC is expected to approve spot ETFs, JPMorgan predicts that first-year capital inflows could exceed $6 billion. Galaxy Digital is also making a major shift, moving from ETH to SOL, sweeping up 752,240 SOL.
Rehearsal for the bull market, Solana may become the next dark horse!
