Solana Whale Buys $8M Worth of Tokens Amid Institutional Interest

Solana's price action has been marked by significant whale accumulation and institutional positioning. A recent purchase of 76,856 SOL ($8M) was made by address 6ESYXA from Hyperliquid after eight months of inactivity.

This large buy is part of a trend of continued institutional interest in Solana, with additional outflows including 281,446 SOL ($29.68M) from Binance and 37,272 SOL ($3.87M) from Kraken.

On the technical front, Solana trades at $105.16 within its Bollinger Bands, with an upper resistance of $109.36 and lower support at $100.52.

The EMA50 and EMA200 continue to act as layered long-term support, but a MACD death cross at 1.73 warns of near-term momentum loss despite a neutral RSI reading of 59.9.