Solana Whales Sell $31.5M as ETF Buzz Lifts Price
The post Solana Whales Sell $31.5M as ETF Buzz Lifts Price appeared on BitcoinEthereumNews.com.
Key Notes SOL price bounced from the support of $193.5 and eyes a rally past $230 resistance. Anticipation builds ahead of October, as analysts expect the SEC to approve Solana ETF filings. SOL corporate treasury holdings are also rising and have already exceeded 20.9 million SOL. Solana SOL $213.0 24h volatility: 5.3% Market cap: $115.47 B Vol. 24h: $6.48 B price has bounced back from under $200 earlier today, amid the broader crypto market rally. SOL is currently trading 3.76% up at $208. However, Solana whales see this upside as a profit-booking opportunity, with a SOL whale selling nearly 150 SOL earlier today. Crypto analyst Ted Pillows reported that a large investor sold $31.6 million worth of Solana (SOL) on Sept. 27. According to the data, the whale has offloaded a total of 150K SOL, as of the current market price, in he past few hours. Analyst Ted noted that whales have been offloading aggressively during each minor SOL price rally, signaling continued selling pressure in the market. A whale sold $31,590,000 in $SOL today. Whales are selling aggressively on every small pump. pic.twitter.com/ki4cuGJBto — Ted (@TedPillows) September 29, 2025 Amid the strong volatility in SOL price over the past few days, investors remain confused about what will happen next. Solana (SOL) closed below the daily support level of $230 on Sept. 22, sliding 10.55% by Sept. 25. The token rebounded the next day after finding support at the 61.8% Fibonacci retracement level of $193.52, later closing above the 50-day EMA at $208.81 on September 28. As of now, SOL price is trading near $210. SOL price tests key support levels | Source: TradingView If $193.52 continues to hold as support, SOL could push higher toward the next daily resistance at $230. The Relative Strength Index (RSI) on the daily…
Filed under: News - @ September 29, 2025 3:27 pm