News

Solana Whale Activity Confirms Growing Institutional Interest

By

Triparna Baishnab

Triparna Baishnab

Large Solana whale buys ~844 k SOL (~US $149 M) reveal institutional confidence in network fundamentals and ETF-driven momentum.

Solana Whale Activity Confirms Growing Institutional Interest

Quick Take

Summary is AI generated, newsroom reviewed.

  • Wallets tied to FalconX and Wintermute recently bought 21k SOL (~$3.9 M) and 71.5k SOL (~$12.5 M) in one transaction.

  • SOL currently trades near ~$190, matching transaction USD conversions of ~$3.9 M for 21k SOL (≈ $185 each).

  • 71.5k SOL equals roughly 0.015% of Solana’s ~470 million circulating supply.

  • Hong Kong’s SFC approved the first spot SOL ETF under ChinaAMC for listing on October 27, 2025.

This week tens of thousands of Solana (SOL) tokens were purchased by large wallets of FalconX and Wintermute. On-chains reveal that there was a buying of 44,000 SOL, which was worth approximately 8.3 million dollars on October 26, 2025. As of April, the same group has been stocking approximately 844,000 SOL worth approximately 149 million dollars. These recurrent inflows are indicative of increasing trust of key participants in the market before any of the major developments within the Solana ecosystem.

Accumulation Scale Refers to Institutional Behavior

Every trade was made with Solana varying between $192 and $195. This accumulation constitutes approximately 0.18 percent of total supply with a circulation of approximately 470 million SOL. This kind of concentration of purchase is normally an indication of strategic positioning of institutions or those high-net-worth traders who are anticipating a rise in price. The trade pattern is in accordance with the past whale movement during the pre-rally periods.

The hybrid Proof-of-History and Proof-of-Stake consensus developed by Solana allows achieving high throughput with low costs. The network also handles over 60,000 transactions in less time of one second, and charges less than 001. These technical benefits are appealing to developers and investors and increase the Solana ecosystem of DeFi and NFT projects. The latest improvements in performance have also enhanced reliability, which is an improvement of the network outages that happened in the past.

Future ETFs Add Momentum

The optimism among investors is on the rise before the Hong Kong introduction of the first spot Solana ETF in Asia on October 27, 2025. The approval of the ETF should attract institutional inflows, as it has been the case with Bitcoin and Ethereum products. Analysts do estimate a potential inflow of about 1.5 billion in the first year. These regulatory milestones can be followed by market revaluations due to the inflow of new capital into the ecosystem.

SOL has a next important resistance of $196 as indicated by analysts. In case of the continuation of buying momentum, the next price target will be 218. Both whale accumulation and ETF expectation have a high upward pressure. Nevertheless, the decrease in liquidity to below $180 and heavy shorting around $195 can result in short term volatility. Such trends demonstrate a market that is about to be moving in large quantities.

Signals of Institution Strengthen the Legitimacy of the Market

The presence of such platforms as FalconX and Wintermute supports the institutional acceptance of Solana. FalconX operates as an institutional prime broker, but Wintermute is a major liquidity provider in the crypto market. They are active which means that Solana is becoming more and more integrated into organized investment portfolios. It is a change in speculative retail participation to a more institutional ownership.

Nevertheless, with its good fundamentals, Solana is still competing with other Layer-1 networks such as Ethereum and Binance Smart Chain. The market manipulation is an issue when the whales choose to sell their stakes abruptly. The long-term sustainability of Solana price can be ensured by the stable performance of the network and the further adoption of the developers.

Google News Icon

Follow us on Google News

Get the latest crypto insights and updates.

Follow