{"id":32015,"date":"2026-08-30T16:00:33","date_gmt":"2026-08-30T15:00:33","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/08\/30\/solana-whales-buy-41-million-sol-price-110\/"},"modified":"2026-08-30T16:00:39","modified_gmt":"2026-08-30T15:00:39","slug":"solana-whales-buy-41-million-sol-price-110","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/solana-whales-buy-41-million-sol-price-110\/","title":{"rendered":"Solana Whales Buy $41.5M in SOL \u2014 Can the Price Reclaim $110?"},"content":{"rendered":"\n

Large Solana<\/strong> wallets are going on the offensive. As SOL<\/strong> struggles to hold a solid support level, several whales have accumulated aggressively over the past few days, injecting more than $41.5 million<\/strong> across a handful of targeted transactions.<\/p>\n\n\n\n

An accumulation<\/strong> signal of this magnitude deserves a close read. Is this a sign of an imminent reversal, or simply an opportunistic position being built in a market that remains uncertain?<\/p>\n\n\n\n

Here is a full breakdown of the on-chain<\/strong> movements and the technical structure of SOL to understand what these purchases actually imply.<\/p>\n\n\n\n

$41.5M in SOL Absorbed: Whales Play the Accumulation Card<\/h2>\n\n\n\n

Activity across large Solana<\/strong> addresses has accelerated sharply. Among the most significant transactions, one whale acquired 76,856 SOL \u2014 roughly $8 million<\/strong> \u2014 directly through the decentralized trading platform Hyperliquid<\/a>. A move that does not go unnoticed in a low-liquidity environment.<\/p>\n\n\n\n

In total, several institutional or semi-institutional players accumulated $41.5 million worth of SOL<\/strong> within a compressed timeframe. This type of coordinated accumulation<\/strong> is typically interpreted as a conviction signal: whales are anticipating a price revaluation in the short to medium term and are taking advantage of depressed levels to build their positions.<\/p>\n\n\n\n

This behavior fits a classic accumulation pattern at a support zone. On-chain<\/strong> data shows a reduction in outflows toward centralized exchanges<\/strong>, suggesting that this SOL is not earmarked for immediate resale but rather for strategic holding. Less available supply on the market, combined with growing institutional demand, mechanically creates latent upward pressure.<\/p>\n\n\n\n

\"Solana<\/figure>\n\n\n\n

SOL Technical Structure: Critical Support and $110 Resistance<\/h2>\n\n\n\n

On the daily chart, SOL<\/strong> is trading within a compression zone following several weeks of consolidation. The $110<\/strong> level represents a key resistance<\/strong>: this is where sell orders and unliquidated short positions are concentrated, according to CoinGlass<\/strong> data. A convincing break above this threshold would technically open the door toward the $125\u2013$130<\/strong> range, the next major resistance zone.<\/p>\n\n\n\n

To the downside, immediate support<\/strong> sits around $95\u2013$98<\/strong>. A break below this zone would invalidate the short-term bullish scenario and could trigger a bearish extension toward $85<\/strong>. The daily RSI<\/strong> remains in neutral territory with no overbought signal, leaving room for an upside move if volume follows through.<\/p>\n\n\n\n

Market sentiment<\/strong> around Solana<\/strong> remains mixed despite whale accumulation. The Solana<\/strong> DeFi<\/strong> ecosystem continues to post solid volumes across protocols such as Raydium<\/a> and Jupiter<\/a>, which supports the thesis of genuine network usage. These on-chain<\/strong> fundamentals provide an additional argument for institutional buyers betting on a sustained recovery rather than a simple technical bounce.<\/p>\n\n\n\n

SOL Facing a Waiting Market: Catalysts to Watch<\/h2>\n\n\n\n

Beyond whale movements, several catalysts could determine the trajectory of SOL<\/strong> over the coming weeks. Correlation with Bitcoin<\/strong> remains high: any recovery by BTC<\/strong> above its own resistance levels would mechanically trigger a spillover effect across major altcoins, including Solana<\/strong>.<\/p>\n\n\n\n

On the ecosystem side, developer activity on Solana<\/strong> remains one of the most dynamic in the sector, with daily transaction counts keeping the network among the most actively used blockchains. Staking yields<\/strong>, hovering around 6 to 7% annually<\/strong>, continue to attract capital seeking native returns without exposure to the complexities of DeFi risk.<\/p>\n\n\n\n

The central question remains one of volume<\/strong>: whale accumulation alone is not enough to trigger a breakout. A fresh influx of retail or institutional volume will be needed to clear the $110<\/strong> resistance with conviction. Without that catalyst, SOL risks remaining trapped in its current range, offering an interesting entry point for patient investors but no clear momentum signal in the near term.<\/p>\n\n\n\n

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