Solana News Today: Whales Stake $505M in SOL, Signaling Institutional Confidence in Breakout

Solana (SOL) has shown renewed momentum amid growing institutional and on-chain activity, with technical indicators and treasury developments suggesting a potential for further price appreciation. As of recent data, the price of one Solana token (SOL) stood at approximately $208.40, with a 24-hour trading volume of $10.087 billion, indicating strong market engagement. Analysts and on-chain observers have highlighted several key developments that could influence Solana’s short- to medium-term trajectory.

Technical analysis has identified a "golden cross" pattern in the SOL/BTC price chart, where the 50-day simple moving average (SMA) crossed above the 200-day SMA. This pattern has historically preceded significant rallies, with similar setups in 2021 and 2023 resulting in over 1,000% gains in the SOL/USD pair. For example, following the 2021 golden cross, Solana surged from $13 to over $260 within a year. The most recent golden cross, as of early August 2025, has analysts like Ran Neuner noting that the setup "screams for a major move in SOL." The potential breakout zone for Solana is now positioned near the $295–$300 level, with the asset trading above its 50-week and 200-week exponential moving averages (EMAs), suggesting further bullish momentum.

In addition to technical indicators, on-chain activity has underscored growing confidence in Solana. Large holders, or "whales," have been actively staking their holdings, with one such whale recently staking 73,500 SOL valued at approximately $15.65 million. This whale has staked a cumulative 95,700 SOL over the past two months, valued at around $20.68 million. Another major staking event occurred when a whale staked 2.5 million SOL—worth $505.8 million—as of August 28, 2025, following a withdrawal from Binance. These movements reflect strategic, long-term positioning by institutional investors, with staking serving as a method to secure the network while earning returns, currently averaging around 6.86% annually.

Corporate and institutional demand for Solana has also increased, with several entities committing substantial capital to Solana treasuries. Galaxy Digital, Jump Crypto, and Multicoin Capital have announced plans to raise over $1 billion for a Solana treasury fund backed by the Solana Foundation. Sharps Technology has committed $400 million to its Solana reserves, while Pantera Capital is pursuing a $1.25 billion Solana-focused fund. These developments, representing nearly $3 billion in institutional demand, have analysts optimistic about Solana’s potential to reach $300 in the coming weeks.

The Strategic SOL Reserve has also provided insight into institutional holdings, with 13 entities collectively holding 8.277 million SOL, equivalent to $1.72 billion at the current price. These holdings represent 1.44% of Solana’s total supply, with a portion staked to generate yields. The top holders include public companies such as Sharps Technology Inc. (NASDAQ: STSS), which holds 3.4 million SOL, and Upexi Inc. (NASDAQ: UPXI), with 2 million SOL. These figures highlight the growing adoption of Solana within traditional financial markets.

As institutional and whale activity converges with favorable technical patterns, the market is watching closely for signs of a breakout. The next key resistance level for Solana appears to be between $295 and $300, with Fibonacci retracement levels and the megaphone pattern reinforcing the significance of this price range. Analysts suggest that continued inflows into Solana treasuries and staking activity could further reduce circulating supply and potentially support higher prices, particularly if the broader altcoin market experiences a rotation of capital away from Bitcoin.

Source:

[1] Institutions Hold $1.72 Billion In Solana, Strategic Reserve [https://finance.yahoo.com/news/institutions-hold-1-72-billion-183405203.html]

[2] SOL Whale Stakes 73,500 SOL ($15.65M) After FalconX Transfer [https://blockchain.news/flashnews/sol-whale-stakes-73-500-sol-15-65m-after-falconx-transfer]

[3] Solana Whale Stakes $505M In SOL After Massive Binance Withdrawals [https://blockchainreporter.net/solana-whale-stakes-505m-in-sol-after-massive-binance-withdrawals/]

[4] SOL to USD: Solana Price in US Dollar [https://www.coingecko.com/en/coins/solana/usd]