Solana (SOL) Poised to Drop Below $200 : How Far Can It Fall ?

Solana : Massive Transfer of Over One Million SOL

On September 24, 2025, on-chain analytics tool Whale Alert detected two transactions totaling 1,011,746 SOL between unknown wallets. The first transfer involved 506,608 SOL (approximately $106.8 million), while the second involved a similar amount of Solana.

These anonymous whale movements are closely monitored as they often precede significant price fluctuations. The fact that these transactions did not involve centralized exchanges (CEX) is being interpreted as a bullish signal by market participants.

Solana Price Struggles Despite Increased Volume

Despite this notable movement, Solana’s price remains under pressure. Over the past seven days, SOL has lost 9.72%, with a further decline of 3.46% in the last session, trading around $202.99 at the time of writing. This decline is partly explained by widespread volatility in the crypto market.

However, the daily trading volume has surged by 6.51% to reach $8.8 billion. This spike is often interpreted as an accumulation phase by investors.

• Trading volume : +6.51% ($8.8 billion)
• Current price : $211.99
• 24-hour high : $221.06, before correction

Institutional Adoption : A Bullish Catalyst for Solana ?

Another factor supporting the bullish narrative around Solana is increasing adoption by institutional players. Helius Medical Technologies, a medical device company, recently announced the acquisition of 760,000 SOL, an investment of approximately $167 million, with the aim of strengthening its digital treasury assets.

This move is part of a broader trend where non-financial companies are beginning to view cryptocurrencies as strategic value reserves.

On-Chain Analysis and Market Sentiment

Derivatives analysis also confirms renewed interest in the token. Futures contract data shows an increase in open interest, indicating that many investors anticipate future volatility—often in the context of a technical rebound or trend reversal.

Furthermore, the absence of transfers to exchange platforms in recent transactions suggests a long-term holding strategy by whales, reinforcing the sentiment of consolidation before a potential recovery.

Solana (SOL) : Heading for a Breakout or a Drop to $180 ?

With these elements in mind, several scenarios are possible for Solana :

Solana remains undeniably one of the most dynamic projects in the crypto ecosystem, with a highly performant architecture used in various sectors, from DeFi to the tokenization of real-world assets (RWA).

However, the market context suggests Solana could dip below $200 soon. Indeed, Bitcoin might lose its crucial support at $110,000.

In this bearish scenario, SOL could fall between $193 and $187, or even to $173 in an extreme case.

Should You Keep a Close Eye on Solana and Buy the Token ?

The transfer of more than $213 million in SOL without passing through traditional exchanges constitutes a strong signal for institutional players and experienced traders. Although the short-term context remains volatile, Solana‘s fundamentals are strengthening and could allow the token to regain bullish momentum in the coming weeks.

Once the rebound begins, SOL could reach between $330 and $450 this year, representing a potential increase of more than 100% in the coming months.

Here’s how to take advantage of this opportunity using Bitget exchange to buy SOL easily :

• Create a Bitget account : Visit the Bitget website or download the app. Sign up with email/phone, then complete KYC (ID verification, 5-10 minutes) for MiCA compliance.
• Deposit funds :
  • Credit card : Via Visa/Mastercard (1-2% fee, instant). Ex.: $100.
  • SEPA transfer : Free, 1-2 days (perfect for large amounts).
  • Crypto : Transfer USDT from a wallet (quick, minimal fees).
  • Funds arrive in “Assets” > “Spot Wallet”.
• Buy SOL :
  • Go to “Trade” > “Spot”.
  • Search for “SOL/USDT”.
  • Market buy : Click “Buy”, enter the amount (e.g., $50 = ~23.6 SOL at $211.99), and confirm.
  • Limit buy : Set a price (e.g., $200 if dip) and wait. Useful for buying low.
  • Quantity : Adjust to your budget (e.g., 100 SOL = $211.99).

More on this topic :

• Understanding Crypto Treasuries : Everything You Need to Know and Their Impact
• XRP Heading Towards $10 : Is This Week the Perfect Opportunity for Crypto Investors ?
• Why This Multimillionaire Believes Bitcoin is on the Verge of Exploding