Solana Whale Buys $28.82M as Price Eyes $150
Solana's price is holding above $100 as a significant whale accumulates nearly $29 million in SOL over three weeks. The buying activity from this large investor is notable, but the chart still has some levels to settle before the bullish case becomes more convincing.
The whale, known as HURDw, reportedly bought the entire position on Hyperliquid, adding to the growing attention surrounding Solana. This accumulation comes at a time when Fundstrat may be pivoting from Ethereum toward Solana, although this shift has not been confirmed.
Another development is the $11 million CHAD offering from DeFi Development Corp., with the chairman of Ethereum treasury firm BitMine participating in the offering. This event marks the first SOL-backed digital credit instrument, and the proceeds will be used to buy SOL.