Solana (SOL) Price: What’s Behind the Whale Accumulation and $200 Target
TLDR
- SOL is trading at $76.20, down from its all-time high of $293.31 in January 2025
- A dormant whale returned after two years, buying 47,535 SOL worth $3.6 million
- Analysts see the $40–$60 zone as a key accumulation range if corrections deepen
- Long-term price targets of $300, $500, and even $1,000 are being floated by some analysts
- The CLARITY Act, stablecoin growth, and institutional adoption are seen as potential catalysts for recovery
Solana (SOL) is currently trading at $76.20, a long way from its all-time high of $293.31 set on January 18, 2025. The token has pulled back alongside the broader crypto market over the past year, driven by macro pressures and rising interest rate concerns.
Despite the dip, whale activity is picking up. On-chain data from Lookonchain shows a previously dormant wallet returned to the market after nearly two years, purchasing 47,535 SOL for approximately $3.6 million.
This same wallet accumulated 291,790 SOL back in 2023 at an average price of $23.37. It later sold 191,789 SOL at around $128.36, banking over $20 million in profit. The latest buy suggests renewed confidence at current price levels.
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