Solana Whale Accumulates 195K SOL Amid Market Dip, Igniting Optimism

• A Solana whale withdrew 195,000 SOL worth $23.2 million from major exchanges, fueling investor optimism and signaling a potential price surge.  
• Staking activity further reduced SOL’s exchange supply, with Cumberland DRW staking 48,182 SOL, strengthening the asset’s long-term market outlook.  
• Analysts project a bullish trajectory, citing Solana’s demand zone between $110 and $127, with potential to surpass $150 amid rising accumulation. 

A major Solana whale made headlines on Tuesday by withdrawing 195,000 SOL from top cryptocurrency exchanges during a market downturn. The acquisition data showed that $23.2 million worth of funds came from different exchanges such as Bybit, OKX, and Gate.io. Nearly two million dollars of SOL bought as a single purchase strengthened market sentiment about SOL’s upward trajectory, which traders began speculating about.

Strategic Move Signals Confidence in SOL

Onchain analysis showed that this cryptocurrency whale carefully picked Solana tokens as the market values decreased. Throughout the SOL price period, which hovered near $120, the general market sentiment transitioned into an optimistic position. The whale’s strategic acquisition of assets appeared to investors as a sign of both short-term buying opportunity and long-term belief in the asset’s growth potential.

Strong selling behavior within the cryptocurrency market has intensified due to variables in the broader economic environment. The proposed tariff policies of Donald Trump pushed the U.S. recession risk to 40%, which stood as the primary factor behind downward pressure on global risk assets. Bitcoin reached its lowest price point in multiple months when it fell to $76,000 market value and caused all altcoins to decline alongside it. Solana whales participated actively in the market, raising hopes that SOL would remain stable during the market decline.

Staking Activity Adds to Bullish Momentum

Further strengthening the market’s positive outlook, Onchain Lens reported that ‘Cumberland DRW’ staked 48,182 SOL, valued at $5.72 million. This move contributed to reducing the token supply on exchanges, complementing the large-scale accumulation. As staking limits available liquidity, supply-side constraints often lead to upward price movements, adding weight to the bullish projections.

Prominent traders echoed positive sentiments about Solana’s potential trajectory. A well-known market analyst, ‘Coinvo,’ highlighted historical trends indicating an upcoming rally reminiscent of SOL’s 2021 price surge. Meanwhile, Bitcoin OG ‘Lucky’ noted that Solana’s current demand zone between $110 and $127 could propel the asset past $150 with minimal price movement.

As SOL rebounded slightly over 3% to trade at $123, the recent whale accumulation and staking trends strengthened investor confidence. The combination of large-scale purchases and diminishing supply on exchanges supported predictions of a continued upward trajectory for Solana.