Solana News Today: Solana Whales Shift $40M as SOL Dips 5% and Trails 40% Below Peak

The 2025 cryptocurrency market is witnessing a dynamic shift driven by rapid price movements and underlying adoption trends. Solana (SOL) is facing renewed scrutiny as whale activity intensifies, with $40 million in token transfers recorded as large holders move assets to exchanges such as Binance and Kraken. This activity has raised concerns over potential sell-offs, particularly as the $189 price level remains a critical barrier for a bullish breakout. As of the latest data, SOL trades near $174.59, reflecting a 5% decline within a 24-hour period, and remains 40% below its all-time high [1].

Trading volume has increased by 10% to $28.16 billion, indicating continued interest in the asset, though demand from large-scale investors appears subdued. The REX Osprey Solana ETF has shown minimal inflows over August, compounding bearish sentiment among market observers [1]. Analysts continue to monitor the $189 level closely, as breaking above it could trigger a significant rally toward fresh record highs.

Meanwhile, Stellar (XLM) has demonstrated strong technical momentum after breaking out of a bullish flag pattern on the four-hour chart. This breakout has opened the door for a potential move toward $0.75, provided the support level near $0.42 to $0.45 remains intact. The price has already retested this level and bounced, reinforcing the bullish outlook for buyers. Fibonacci projections suggest that continued buying strength could push the price further toward the $0.60 to $0.75 range. A close above $0.52 would confirm a strong momentum shift, while a drop below $0.42 could signal a retest of the $0.37 level [1].

Cold Wallet (CWT) has emerged as a standout project in the current market environment, having raised over $6.2 million in presale funding. The project’s Stage 17 entry price of $0.00998 is significantly lower than the confirmed listing price of $0.3517, creating a substantial return on investment (ROI) opportunity for early buyers. The platform has also onboarded more than 2 million active accounts at launch, leveraging a cashback model that rewards users for every transaction, from token transfers to gas fees and asset swaps. This mechanism ensures continuous user engagement and immediate liquidity, setting CWT apart from many of its peers [1].

Cold Wallet’s business model is designed to overcome common challenges in the Web3 space, such as user acquisition and liquidity generation. The Plus Wallet integration has helped address the cold-start issue, allowing the project to enter the market with a fully functional system and active user base. This contrasts with the typical early-stage struggles of many crypto projects, where initial traction is often slow to develop. With its user-first approach and built-in incentives, Cold Wallet is positioned to scale rapidly from the outset [1].

Compared to Solana’s whale-driven volatility and Stellar’s technical rally, Cold Wallet offers a unique combination of readiness, scalability, and ROI potential. The project is not in search of users but has already secured a large, active community and immediate liquidity. The cashback model ensures ongoing user participation, while the current Stage 17 price presents the largest margin for potential gains among major crypto projects this quarter. With the system operational, rewards active, and adoption embedded from day one, Cold Wallet is leveraging a strategic advantage in a market where timing and scale are decisive factors in long-term success [1].

Source:

[1] Stellar’s Bullish Run and Solana Whale Comeback While Cold Wallet Goes Viral With $6.2M+ Raised (https://coinmarketcap.com/community/articles/68a11c9708803477d187ae37/)