Solana News Today: Institutional Confidence Booms: Solana Ecosystem Attracts $500M Treasury, Whale Accumulation

A major Solana (SOL) whale has added nearly 250,000 SOL to its holdings over the past four days through over-the-counter (OTC) trades, bringing its total accumulation to 827,000 SOL since January 2024. This activity aligns with broader institutional interest in the asset, as highlighted by a Coinotag report.

The whale, identified as an institutional actor that unlocked a 991,000 SOL stake in April 2024, has resumed profit-taking by transferring 100,000 SOL to Binance on October 23, valued at approximately $18.11 million at current prices, the Coinotag report said. On-chain analysts note this represents a calculated liquidation of long-term exposure rather than panic selling, signaling disciplined risk management by a seasoned participant. The move has drawn attention to potential implications for SOL liquidity on centralized exchanges and short-term market volatility.

Meanwhile, Mercer Park Opportunities Corp., a Cayman Islands-based SPAC, has announced a $300 million acquisition of Cube Group, a hybrid digital asset exchange platform. The merged entity plans to establish a $500 million SOL treasury, using staking yields to generate annual returns of 7-9%, Cryptopolitan reported. This strategy mirrors broader TradFi-DeFi convergence, with the new entity aiming to expand services to include custody, derivatives, and corporate treasury solutions. The deal, expected to close in Q1 2026, underscores growing institutional confidence in Solana's high-performance infrastructure and minimal fees.

In parallel, an institutional investor has engaged in a third consecutive day of HYPE liquidation to accumulate more SOL. Over four hours, 675,000 HYPE tokens were sold for 23.44 million USDC, with proceeds used to purchase 12,690 SOL, Coinotag reported. Since October 21, the entity has offloaded 1.817 million HYPE for 65.43 million USDC, acquiring 350,000 SOL at an average price of $186.50. These trades highlight active liquidity shifts within the Solana ecosystem, with institutional players leveraging arbitrage opportunities between tokens.

The confluence of whale activity, corporate treasuries, and institutional trading reflects Solana's maturing ecosystem. Regulatory developments, including the FASB's 2025 adoption of fair-value accounting for digital assets, have further normalized crypto holdings, reducing reporting barriers for firms, Cryptopolitan noted. As Mercer Park's $500 million treasury and similar initiatives gain traction, they may amplify on-chain liquidity and staking yields, reinforcing Solana's position as a preferred platform for yield-generating treasuries.