Solana Whale Scoops Up $23 Million in SOL During Market Dip – Is a Surge to $150 Next?

Jakarta, Pintu News – A whale investor in the Solana (SOL) network has made waves in the market by accumulating a significant amount of SOL during a period of broader market decline.

Based on data from Lookonchain released on March 11, these investors have issued 195,000 coins equivalent to $23.2 million from several leading crypto exchanges, showing high confidence in the asset’s future prospects.

These actions have triggered a wave of optimism in the market that may push SOL prices towards $150.

Solana Investors’ Big Move: Withdraw $23.2 Million SOL

Information from Lookonchain shows that on March 11, major Solana investors withdrew 195,000 coins from crypto exchanges such as Bybit, OKX, and Gateio. This transaction, which was worth $23.2 million, signaled the confidence of large investors in the future of Solana (SOL).

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This action comes amid depressed market conditions, influenced by global economic concerns. At a time when crypto markets are generally declining, big investor Solana’s decision to ‘buy low’ shows a strategic approach.

This not only shows confidence in the long-term value of Solana (SOL), but also sparks optimism among other investors who may take this as an indication of an impending market recovery.

Optimism Rises with Staking

Not only was there heavy buying by large investors, but there was also an increase in staking activity which added to the optimism in the market.

Onchain Lens reports that Cumberland DRW recently staked 48,182 SOL, worth $5.72 million. This suggests that it is not only the withdrawal of coins from exchanges, but also their placement in staking that is reducing the available supply on the market.

This combination of massive accumulation and staking indicates increased market interest in Solana (SOL). With reduced supply on the market and increased demand, there is strong potential for price increases. This is a good indicator for investors looking for signs of recovery and long-term growth.

SOL Price Increase Potential to $150 (IDR2,466,977)

On March 11, 2025, the price of Solana (SOL) had risen more than 3% and was trading around $123. In the last 24 hours (11/3), the price reached a low of $113.19 and a high of $131.24.

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Crypto market analysts are predicting that there will be more buying activity which could push the price even higher. A leading market analyst, Coinvo, stated on X that Solana (SOL) is expected to experience a price surge.

This prediction is based on historical patterns which suggest that Solana (SOL) may follow a bullish trend similar to the one in 2021.

With the support of large investor accumulation and strong demand zones, there is a high possibility that Solana (SOL) could reach prices above $150.

Overall, with the combination of heavy accumulation by large investors, increased staking, and optimistic market analysis, Solana’s (SOL) future prospects look very bright.

Investors and traders may see this as an opportunity to participate in a potentially significant price increase. This action shows strong confidence in the value and long-term growth of Solana (SOL), making it an attractive asset in the crypto market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Solana Whale Bags 195k SOL Amid Market Dip, Can Price Hit $150 Ahead? Accessed on March 12, 2025