Solana Smart Whales Scoop Up $18.5M in Tokens – Is a $296 SOL Price Imminent?

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By ETHNews
4 minutes ago
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Solana Smart Whales Scoop Up $18.5M in Tokens – Is a $296 SOL Price Imminent?
Table of Contents
Current SOL Price and Market Sentiment
Solana “smart whales” bought $18.5 million of SOL tokens in a single day.
Top crypto expert, VIPRose, predicts SOL could rally to $296, fueled by whale activity and potential ETF approval.
The big players in Solana are making waves again! In a surprise move, two heavyweight investors just jumped back into the game, scooping up a whopping $18.5 million worth of SOL in a single day.

One of these veterans, who’d been sitting on the sidelines for almost a year (wallet “GJwCU”), suddenly sprung to life and grabbed nearly 31,000 SOL tokens, that’s about $6.24 million. And get this, they’ve already pocketed over $8 million from their previous SOL trades.

But that’s not all. Another dormant giant (wallet “5qDx”) woke up from a two-month nap and went even bigger, buying over 61,000 SOL tokens worth $12.4 million. When experienced players like these start making big moves, people tend to pay attention.

The timing’s interesting too, with all the buzz around a potential Solana ETF in the air. Some experts are feeling so bullish they’re throwing out predictions of SOL hitting $296.

ETF Approval Could Boost SOL Prices
There’s some good news that’s getting people excited. When Grayscale filed to turn their Solana Trust into an ETF, the SEC didn’t just brush it off, they officially acknowledged it on February 6th. That means we’ve got a deadline to look forward to in October. It’s got quite a few industry insiders betting that Solana might have a shot at getting that ETF approval!