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$SOL loses 7% in hours and drops to $163, but whales accumulate 250K SOL
📊 Current price and technical structure
Estimated current price: between $162.8 and $164.7 (average value of the last 24 hours from $180–$172)
After the weekly high near $189 (intraday high $188.6), the price retraced ~7% after consolidating in a short-term bearish channel.
Despite this, it remains within a larger bullish channel initiated in June (~$140), and holds firm above technical support of $160–$165.
⚙️ Key factors of the day
SSK ETF (REX‑Osprey SOL + Staking) exceeds $100M in AUM in just 12 days, attracting both retail and institutional investors.
Whales accumulate more than 250K SOL (~$40–45M) withdrawn from exchanges (Kraken, Binance) in a single day.
According to market data, amid the slowdown of the Ethereum rally, “smart money” has begun to rotate positions towards altcoins like SOL and DOGE.
🔧 Technical level of the day
Key support: $160–$165 (recent lows)
Immediate resistance: $172–$175 (previous bounce)
Critical zone: if SOL closes clearly above $165 “daily candle” it would confirm a technical bounce towards $175–$180.
🌐 Institutional / macro outlook
The hybrid structure of staking + spot ETF with SSK provides a narrative of constant yield, not just speculation. Despite the correction, institutional interest does not wane: in addition to whales accumulating, REX-Osprey reports sustained demand for similar staking ETFs in ETH, XRP, and DOGE under domestic regulatory framework.
Will you take advantage of this pullback to add SOL near $160, or do you prefer to wait for confirmation above $172? Share your strategy 👇
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