Solana Whales Dominate Futures Amid Sluggish Spot Activity

Solana's (SOL) future is being driven by large-scale whale orders, according to CryptoQuant data. This trend has been ongoing since February and contrasts with spot volume activity that remains sluggish.

The SOL ETF market, which crossed $1 billion in assets, saw Goldman Sachs disclose a $108 million position as the second-largest institutional holding after Bitwise's BSOL, which dominates with approximately 62% of the market share.

The funds have pulled in $35.17 million over the past week, marking five consecutive positive sessions, according to FinanceFeeds' report. Goldman Sachs has anchored ETF inflows in this period.