Solana (SOL) Price Outlook: Eyeing a 17% Surge as Whale Activity Amplifies Bullish Sentiment

Solana (SOL) is one of the leading blockchain networks known for its high-speed transactions and scalability. It has recently captured the

Solana (SOL) price soared early Tuesday after a whale acquired over $4 million worth of tokens in a single transaction. This triggered a 4.30% price surge, boosting the altcoin to $135 (SOLUSDT) on Gate.io.

The move also impacted SOL’s trading volume, which surged by 42% over the last 24 hours. Notably, large holders of cryptocurrency are often referred to as “whales.” Their activity can significantly influence the market sentiment of cryptocurrencies.

With a fresh rally underway, this piece analyzes the recent whale activity and its potential implications for Solana’s price outlook in the coming days.

Whale Activity Amplified Bullish Sentiment for SOL

These large holders can drive substantial price movements. They either fuel market rallies through accumulation or dampen prices by selling off large portions of their holdings. In Solana’s case, this latest whale purchase contributed to a spike in both price and trading volume. It further amplified the bullish sentiment that has been building around the coin.

This event marks the latest development in a broader narrative of diverging strategies among large SOL holders. While some whales are accumulating tokens and staking them for long-term gains, others have been steadily reducing their holdings. As a result, the Solana market has become an arena of contrasting moves. Bullish investors in this market are preparing for an extended rally while more cautious players hedge their bets.

In this context, SOL has emerged as one of the most closely-watched cryptocurrencies, with market participants anticipating its next move.

Diverging Strategies Among Solana Whales

The whale behind this major acquisition has been steadily accumulating SOL tokens. Since February, they have transferred around 207,000 SOL (valued at more than $29 million) into self-custody wallets. Following Tuesday’s purchase, the whale staked 115,135 SOL, valued at $15.3 million, as part of their strategy.

Conversely, another prominent whale has adopted a more cautious approach, consistently offloading their SOL holdings. According to data from on-chain analyst Lookonchain, this particular whale sold 20,000 SOL, worth $2.67 million, on the same day. They have sold approximately 716,000 SOL throughout the year, which translates to a massive $103 million liquidation. Despite these large sell-offs, the whale still retains a significant amount of SOL, holding 1.85 million tokens valued at roughly $247 million.

Despite these contrasting strategies, SOL enjoyed a 5% price increase over the last 24 hours. In the derivatives market, trading volume increased by 35% as traders took on more long positions. Coinglass data indicates that SOL’s funding rate across major exchanges has remained positive since the weekend, currently standing at 0.0044%.

A positive funding rate in perpetual futures contracts typically signals heightened demand for long positions, suggesting that traders are increasingly betting on SOL’s upward momentum rather than a price drop.

SOL Price Outlook: Eyeing a 17% Surge

At its current price, SOL has broken past its short-term resistance at $133.37, with technical indicators suggesting more gains could be ahead. The rising Relative Strength Index (RSI) reflects growing demand for the altcoin, which could fuel further price appreciation.

If this trend holds, SOL could experience a further 17% price increase, potentially reaching $160. However, if traders begin to take profits, the price could retrace to $108, a level last seen on August 5, when over $1 billion in liquidations occurred. As whales continue to drive market dynamics, the next few days will be crucial for SOL’s price trajectory.

As for 2025, Solana (SOL) might see considerable growth fueled by its technological advantages and increased adoption in the blockchain space. Many analysts are optimistic about its future, projecting substantial price increases as the cryptocurrency market matures.

By 2025, Solana could also potentially reach new all-time highs. Some forecasts suggest that SOL may rise as high as $667 by the end of 2025. That will represent a 274% increase from current levels.

更乐观的预测表明收益会更高，估计 SOL 可能会上涨 500%。它将把 SOL 价格推至 940 美元左右。这些预测很大程度上是由 Solana 的技术优势推动的，例如其高交易速度（每秒高达 710,000 笔交易）和低交易费用，这使其成为以太坊的强大竞争对手。然而，与所有加密货币一样，这些预测也伴随着风险，因为竞争从来都不是静止的。

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