Giant whale sweeps 50 million dollars! Solana rebounds 265%, will 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 dollars, rebounding strongly by 45% in just a few weeks, and rising over 4% in a single week. A super whale on Binance has just withdrawn 374,000 SOL, valued at over 52.7 million dollars, transferring it to a private wallet, clearly indicating a long-term holding intention, sending out strong bullish signals.
Moreover, GSR has partnered with Upexi to invest 100 million dollars in a private placement, formulating a financial strategy centered around SOL, explicitly proposing to increase holdings and stake SOL, indicating that institutions are embracing the new Layer 1 star! Following closely, Janover has also invested 10.5 million dollars to acquire 163,000 SOL, aiming to become the 'MicroStrategy of the SOL world.'
On-chain data is also sizzling, with over 1.49 billion transactions in 30 days, active addresses surpassing 105 million, outpacing Ethereum! The annualized staking yield reaches 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 predict that the 'cup and handle' pattern will help propel it to challenge 500 dollars, with a potential increase of 265%.
With ARK planning to include Solana in its ETF and the SEC likely to approve spot ETFs, JPMorgan predicts that the first year of capital inflow may exceed 6 billion dollars. Galaxy Digital is also making a major shift, moving from ETH to SOL, aggressively acquiring 752,240 SOL.
The bull market rehearsal suggests that 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 dollars, rebounding strongly by 45% in just a few weeks, and rising over 4% in a single week. A super whale on Binance has just withdrawn 374,000 SOL, valued at over 52.7 million dollars, transferring it to a private wallet, clearly indicating a long-term holding intention, sending out strong bullish signals.
Moreover, GSR has partnered with Upexi to invest 100 million dollars in a private placement, formulating a financial strategy centered around SOL, explicitly proposing to increase holdings and stake SOL, indicating that institutions are embracing the new Layer 1 star! Following closely, Janover has also invested 10.5 million dollars to acquire 163,000 SOL, aiming to become the 'MicroStrategy of the SOL world.'
On-chain data is also sizzling, with over 1.49 billion transactions in 30 days, active addresses surpassing 105 million, outpacing Ethereum! The annualized staking yield reaches 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 predict that the 'cup and handle' pattern will help propel it to challenge 500 dollars, with a potential increase of 265%.
With ARK planning to include Solana in its ETF and the SEC likely to approve spot ETFs, JPMorgan predicts that the first year of capital inflow may exceed 6 billion dollars. Galaxy Digital is also making a major shift, moving from ETH to SOL, aggressively acquiring 752,240 SOL.
The bull market rehearsal suggests that Solana may become the next dark horse!