Solana Whales Fuel $110 Test as Token Holds Near $105

Solana (SOL) whales made significant purchases of $41.5 million in recent days, with one whale buying $8 million in SOL after an eight-month hiatus.

The token traded near $105 after a pullback from $110 to $102, and technical indicators remained constructive despite weaker futures activity.

However, continued futures selling could keep the token trapped in its current range, with sellers still posing a significant risk.

Solana first reached $110 during its weekly rally, then slid as low as $102 before settling into a narrow $104-$105 range, making $110 the nearest test of renewed momentum.