Solana News Today: Solana Surges 5.08 as Whale Accumulation and Retail Buying Drive Bullish Momentum

Solana's price has surged by 5.08% as of August 5, 2025, driven by significant whale activity and growing retail trading interest. A $12 million transfer of SOL tokens from Binance to Kamino for yield generation highlights a shift in whale behavior toward accumulation, signaling long-term bullish sentiment [1]. This move, combined with a positive Buy-Sell Delta for three consecutive days, reflects increased market confidence and aggressive accumulation by both institutional and retail traders [2].

Retail traders have also contributed to the momentum, with Coinalyze data showing a 21K net buy delta on August 5. CoinGlass reported that Solana’s Spot Netflow turned negative, reaching -$6.86 million, indicating stronger buying pressure on exchanges [3]. These trends suggest a continuation of upward movement, supported by sustained demand and strategic positioning in the futures market.

Futures traders are doubling down on long positions, with Coinalyze reporting that over 79% of Solana positions are long, and the 1-day Long/Short Ratio stands at 4.13. Positive aggregated funding rates over the past week, including a current rate of 0.0137 and a projected 0.0163, further reinforce the bullish outlook [4].

Technically, Solana is testing the $172 resistance level, a key threshold that, if broken, could signal a potential path toward $200. A golden cross—where the 50-day moving average (MA50) has crossed above the 200-day moving average (MA200)—is also in play, often interpreted as a bullish continuation signal [5]. Traders are closely watching for a clean daily close above $172 to confirm the breakout.

The combined influence of whale accumulation, retail participation, and favorable technical indicators suggests Solana is well-positioned for further gains, provided the $172 level is successfully breached. The market remains attentive to on-chain activity and price action for signs of continued strength.

Sources:

[1] https://en.coinotag.com/solanas-recent-surge-could-a-breakout-above-172-signal-further-gains/