Solana Rebounds 10% on $10 Million Whale Accumulation, Eyes $100 Level

▲ Solana (SOL)

Solana (SOL) is attempting to break through a key resistance level, reversing its downward price trend on the back of strong market buying pressure fueled by news of massive accumulation by whale investors.

According to cryptocurrency media outlet CoinGape on February 25 (local time), investor sentiment rebounded sharply following reports that a whale had accumulated $10.26 million worth of SOL. The market is closely watching how buyers successfully defended the $78 support level, with many anticipating that this support base could serve as a solid stepping stone for further gains. Solana is currently trading near $82.84, up 7.99% over the past 24 hours, demonstrating standout resilience among top digital assets.

Solana’s market capitalization stands at approximately $47.11 billion, firmly maintaining its position as the seventh-largest cryptocurrency. Its 24-hour trading volume reached $3.83 billion, marking a 5.63% increase from the previous day. From a technical perspective, Solana has exited its short-term oversold zone and is forming strong rebound momentum. The concurrent rise in trading volume suggests that this rally is based on genuine demand rather than a simple technical bounce. In particular, the strong defense at the $78 level marked a decisive turning point, shifting market control from sellers to buyers.

Industry analysts believe that Solana’s ongoing high-speed infrastructure development will serve as a key driver for the next super cycle. News of a strategic partnership between Hanwha Asset Management and the Jito Foundation to develop liquid staking products has strengthened the ecosystem’s professionalism. Such institutional-level collaborations enhance Solana’s technological credibility, send positive signals to long-term investors, and boost overall network activity.

The Solana network currently processes between 2,000 and 3,000 real transactions per second, proving one of the fastest throughput speeds in the blockchain industry. The recently introduced state compression and account compression technologies maximize data storage efficiency, helping keep transaction costs as low as $0.00025. These low costs and high speeds are accelerating growth in the decentralized finance and memecoin ecosystems, positioning Solana as a strong competitor to Ethereum (ETH).

Solana is now on the verge of breaking above key moving averages, and if continued whale inflows are confirmed, the pace of price recovery is expected to accelerate further. Although it remains below its previous all-time high, developer activity metrics and institutional interest within the ecosystem continue to trend upward. Investors should closely monitor whether the $80 level can be firmly established as support, while also paying attention to volatility driven by Bitcoin (BTC) movements and focusing on risk management.

Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses resulting from it. The content should be interpreted for informational purposes only.