The post Metrics Reveal Solana Sees Uptick In Whale Activity – Accumulation Signal? appeared on BitcoinEthereumNews.com.

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Solana is showing signs of strength after weeks of heightened volatility and aggressive selling pressure. As the broader crypto market stabilizes amid ongoing macroeconomic uncertainty and global trade tensions, Solana has managed to inch closer to a critical resistance level. Despite the risks still looming, especially with trade war rhetoric between the US and China escalating, some market participants believe the conditions are aligning for a potential recovery rally. Related Reading Adding weight to that view, recent on-chain data from Glassnode reveals a subtle yet notable shift in whale activity. The number of wallets holding more than 10,000 SOL has increased by 1.53% over the past week, rising from 4,943 to 5,019. This uptick suggests that larger holders may be accumulating ahead of a possible breakout, interpreting current price levels as favorable entry points. Historically, such accumulation phases have preceded strong upward moves, particularly when combined with technical recovery signals and improving market sentiment. Whether Solana can break through resistance and sustain a recovery remains uncertain, but the growing whale interest paints a cautiously optimistic picture for the days ahead. Whale Accumulation Grows As Bulls Regain Momentum Solana has been one of the hardest-hit assets during the recent market downturn. Since peaking in January, SOL has lost over 65% of its value, reflecting deep investor uncertainty and heightened selling pressure. As macroeconomic tensions between the US and China continue to grow, global markets have shifted toward a risk-off sentiment,…

---

Filed under: News - @ April 20, 2025 8:16 am