Solana News Today: Solana Price Rises on Whale Activity and Bullish On-Chain Metrics

Solana’s price has seen significant movement in recent weeks, climbing to a 7-month high of $211 before retreating to $209 as of press time. This rally is supported by growing on-chain activity and speculative positioning, particularly from large investors, known as whales, who are increasingly allocating capital to Solana’s derivatives market. Futures Open Interest reached $12.9 billion, a new all-time high, with long positions accounting for 50.6% of total contracts, indicating bullish sentiment among key market participants [1].

One notable whale activity involved a $4.09 million withdrawal of 20,000 SOL from Kraken, followed by a $3 million USDC loan on Kamino, and then transferring the funds to OKX. This sequence of transactions suggests strategic leverage in decentralized finance and speculative positioning ahead of the next potential price leg [1]. Additionally, Futures Average Order Size data from CryptoQuant revealed four consecutive days of big whale orders, further emphasizing the dominance of large players in Solana’s trading volume [1].

The rising Open Interest is complemented by positive momentum indicators. Solana’s Directional Movement Index (DMI) recorded a bullish crossover at 29, while its Relative Vigor Index (RVGI) hit 0.056, both signaling a strengthening uptrend. These metrics suggest that if buyers—especially whales—continue to accumulate Solana for strategic positioning, the price could test the $223 level before September ends [1].

However, the market is not without risks. Spot Netflow data from CoinGlass showed a 3-month high of $76 million, indicating a surge in exchange deposits, which often precedes selling pressure. This dynamic points to a potential short-term pullback if profit-taking intensifies and whales begin withdrawing capital. In such a scenario, Solana could see a correction toward $186 [1].

Solana’s price trajectory also benefits from broader adoption across the blockchain ecosystem. As a high-performance smart contract platform, Solana has attracted a growing number of decentralized applications and developers, which in turn increases transaction volume and network utility. This fundamental strength supports its appeal among investors seeking exposure to alternative cryptocurrencies with strong use cases [2].

Furthermore, institutional and high-net-worth investors are shifting more capital toward high-conviction altcoins, with Solana among the top-tier projects receiving attention. A recent investment strategy from Satellite Holdings suggests that 30–40% of portfolios are being allocated to such assets, reinforcing the idea that Solana could outperform in the coming months [3].

While $223 is a near-term price target based on current trends and on-chain metrics, it is distinct from longer-term forecasts, such as the projection of $400 by 2025. The near-term potential is driven by immediate demand in the futures market, whale activity, and broader altcoin adoption, rather than speculative long-term expectations [4].

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Source:

[1] AMBCrypto - [https://ambcrypto.com/solana-3-reasons-why-sol-can-hit-223-before-september-ends/](https://ambcrypto.com/solana-3-reasons-why-sol-can-hit-223-before-september-ends/)

[2] X · Gab6611 - [https://x.com/Gab6611/status/19595734185****6759](https://x.com/Gab6611/status/19595734185****6759)

[3] AInvest - [https://www.ainvest.com/news/altcoin-season-remains-elusive-2025-investors-2508/](https://www.ainvest.com/news/altcoin-season-remains-elusive-2025-investors-2508/)

[4] Coinpedia - [https://coinpedia.org/price-prediction/solana-sol-price-prediction/](https://coinpedia.org/price-prediction/solana-sol-price-prediction/)