Solana News Today: Solana Whale's $GHOST Bet Signals Confidence as ETFs Loom

Generated by AI AgentCoin WorldReviewed byShunan Liu
Wednesday, Nov 5, 2025 1:24 am ET1min read
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Solana
whale "2z4gKC" re-entered the market, investing $16,700 in 1.12M $GHOST tokens using 65 $mSOL after 10 months of dormancy.

- The move signals renewed confidence in Solana's ecosystem, coinciding with upcoming ETF launches that could attract institutional investors.

- Analysts highlight $GHOST as a speculative barometer, with whale activity potentially catalyzing broader adoption amid infrastructure upgrades.

- Solana's low fees and fast transactions continue to attract dApps and DeFi projects, reinforcing its role as a high-performance blockchain leader.

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Solana
whale known as "2z4gKC," which had held over 23,000
SOL
(worth approximately $4.37 million) in a dormant account for more than 10 months, has re-entered the market with a $16,700 investment in 1.12 million $GHOST tokens, according to a
CoinCryptoNewz report
. The transaction, executed using 65 $mSOL, marks a notable shift in the whale's activity and signals renewed confidence in the Solana ecosystem. Analysts view the move as a potential catalyst for increased institutional and retail interest in the blockchain platform, particularly as Solana-based exchange-traded funds (ETFs) debut on Wall Street.

The whale's return comes amid growing optimism about Solana's scalability and developer adoption. $GHOST tokens, tied to Solana-related projects, are often seen as a barometer for speculative activity within the network. The purchase suggests the whale anticipates upcoming developments, such as upgrades to the platform's infrastructure or broader institutional adoption, the report notes. While short-term price movements for SOL remain uncertain, the transaction reinforces Solana's position as a key player in the blockchain space.

The launch of Solana ETFs has further amplified market enthusiasm. Although immediate price impacts are unclear, experts argue that these products could attract institutional investors, stabilizing demand and fostering long-term growth, the report added. The whale's activity, coupled with the ETF rollout, underscores Solana's evolving role in the crypto market. Some analysts project SOL could test support levels as low as $160 in the near term, while others remain bullish, anticipating a rebound to $220 as ecosystem developments progress.

The whale's return also highlights the broader trend of major investors reengaging with high-performance blockchains. Solana's reputation for fast transactions and low fees has made it a favored platform for decentralized applications (dApps) and DeFi projects, attracting both developers and capital. As the network continues to expand, its ability to sustain momentum will depend on execution of planned upgrades and adoption of new financial products like ETFs.