According to on-chain analytics data, a prominent whale address has significantly increased its accumulation of Solana (SOL) tokens in recent days. The address, which has been regularly purchasing SOL through over-the-counter (OTC) transactions since late April, bought 249,500 SOL (approximately $46.78 million) in the last four days alone via the FalconX and Wintermute platforms.
Since the end of April, this whale has acquired a total of 827,000 SOL (valued at around $146 million), with all assets being staked. The average purchase price was calculated at $177 per SOL, and at the time of reporting, Solana was trading at $194.
This activity occurs against a backdrop of Solana's volatile history, including a sharp decline during the FTX crash in late 2022, where SOL fell from $260 to as low as $8 due to large holdings by Alameda Research. However, SOL rebounded this year, reaching an all-time high of $294 in January.
The whale's accelerated buying has strengthened market confidence, with analysts interpreting it as a bullish signal for Solana's future price movements. Historically, such large accumulations by whales often precede significant price increases, especially when aligned with Solana's rapid network growth, high transaction speeds, low fees, and expanding developer ecosystem. Increasing institutional interest and adoption in decentralized applications (dApps) further support a positive long-term outlook.
BNB
MBG
BTC
ETH
USDC
XRP
BONK
BONKSOL