Solana surged more than 5%, led by whale accumulation activities and positive technical signals, aiming for the resistance level of 172 USD.
Solana's price has just made an impressive recovery as whale buying pressure emerged, trading money surged, and bullish signals appeared. The resistance level of 172 USD is now the market's focal point.
MAIN CONTENT
Solana increased by 5.08% thanks to large capital flows from whales and strong participation from retail investors.
Trading volume and Buy-Sell Delta data reinforce bullish momentum along with the golden cross signal.
The resistance level of 172 USD determines Solana's opportunity to conquer the 200 USD zone, in the context of optimistic market sentiment.
What event led to the surge in Solana's price?
Solana recorded a 5.08% increase, rising from the support zone of 162 USD to a local peak of 171 USD, accompanied by an increase in trading volume of over 23.54%. Strong capital inflows have pushed the daily sales volume to 4.94 billion USD.
The main driving force behind this is the positive signals from whales, combined with the participation of retail investors creating strong buying pressure. Notably, the resistance level of 172 USD is currently being watched by the market for the next price increase.
Whale trading has a significant influence as it carries long-term confidence and decisiveness in price trends.
Lookonchain, on-chain analysis platform, 5/8/2025
Whales are accumulating again with a transaction of 12 million USD transferred to Kamino
Whales have begun to accumulate Solana again, reflecting confidence in the long-term growth potential of this blockchain. The most notable transaction was the purchase of 71,000 SOL worth approximately 12 million USD on Binance, which was then entirely transferred to Kamino – the DeFi platform operating on Solana.
This move indicates that whales are transferring SOL from liquidity sources on centralized exchanges to DeFi platforms to both hold long-term and benefit from yield farming services.
When whales lock assets into DeFi and engage in farming, it signals expectations that prices will continue to rise sharply in the near future.
AMBCrypto Magazine, Market Analysis Report, 5/8/2025
The transfer of a large amount of SOL into Kamino not only reduces selling pressure on exchanges but also reflects the long-term investment outlook of large investors. This development often creates favorable conditions for prices to continue stable growth.
How are retail investors collectively joining the Solana price increase?
According to Coinalyze, large capital flows have attracted retail investors to join the market. Solana has maintained a positive Buy-Sell Delta (the difference between buy and sell orders) for three consecutive days.
On the day of 5/8, the buying volume reached 553,000 while selling was only 532,000, a difference of 21,000 buy orders – a positive sign indicating that the market is experiencing strong FOMO from investors.
When buying money flows overwhelmingly on spot, the pressure to create a bottom for a new bullish wave increases, especially when whale events occur.
Analyzing CoinGlass data, 5/8/2025
Additionally, the Spot Netflow index of SOL has dropped to negative 6.86 million USD, indicating that the number of coin withdrawals from exchanges exceeds deposits – implying that investors are moving SOL to personal wallets for storage and expecting prices to continue rising.
What clarifies the role of large capital flows and the inflow and outflow of funds on exchanges?
Reports from CoinGlass indicate that negative Netflow is an indicator that often appears when the market is actively buying, meaning selling pressure is decreasing while buying pressure remains firm.
Market history shows that whenever negative Spot Netflow persists, prices often create significant upward movements under the comprehensive accumulation pressure from both whales and retail investors.
Negative Spot Netflow is a signal that the market is releasing supply on exchanges, with investors prioritizing long-term holding, reinforcing the bullish psychological bottom.
CoinGlass, market data, 6/8/2025
The outflow of funds from exchanges and storage in cold wallets or locking into DeFi shows strong price increase expectations and the HODL mentality of the community.
How are derivative traders significantly increasing their long positions in Solana?
Observing the futures market shows that most traders are increasing their long positions ahead of the bullish trend. The Funding Rate of SOL has maintained a continuous positive level for the past week – a clear sign of strong long demand.
At the time of reporting, the Funding Rate was recorded at 0.0137 with predictions to rise to 0.0163. This means traders must pay fees for long positions, showing strong confidence in price increases.
A prolonged positive Funding Rate reflects market expectations for continued upward momentum on Solana, especially as derivative trading volumes surge.
Coinalyze, August 2025
Additionally, the Long/Short ratio across time frames has exceeded 79% leaning towards Long, with a peak of 4.13 in the 1-day frame. This confirms confidence in a strong recovery trend for SOL and the potential to reach higher price levels.
Can Solana surpass the 200 USD mark in the near future?
According to AMBCrypto's analysis, the return of both whale and retail investors has helped SOL break through short-term resistance. Technical indicators show that MA50 has crossed above MA200 (golden cross) on the daily chart – a pattern often regarded as a confirmation signal for a strong bullish trend continuation.
Currently, SOL is testing the EMA20 line around 172 USD. If the price closes above this zone, the likelihood of reaching the 200 USD mark is very high. Conversely, if facing profit-taking pressure, the price may adjust towards the support zone around 162 USD at EMA50 or EMA100.
Historical data of previous golden crosses on major blockchains like Ethereum has often been accompanied by an average price increase of 20% in the next 15 days (source: Glassnode, 2023), further reinforcing optimistic prospects for investors holding SOL.
Technical Indicator Current Value Market Implication 24h Trading Volume 4.94 billion USD Large capital flows, attractive to funds and whales Buy-Sell Delta 21,000 (positive) Strong accumulation on spot Funding Rate 0.0137 (positive) Confidence in long positions Long/Short Ratio 4.13 (daily) Dominant upward trend Spot Netflow -6.86 million USD (negative) Strong outflows, price increase expectations
Comparing the impact of the price increase with previous large whale purchases
Blockchain market history shows that each time large-scale whale purchases occur, it often leads to short- to medium-term price surges. In 2023, the event of whales buying BTC worth over 500 million USD resulted in an average price increase of over 17% in the following 10 days (source: Santiment, 2023).
For Solana, the 12 million USD capital from whales only accounts for a small proportion of the market capitalization, but it creates a strong ripple effect on market sentiment and draws FOMO money from retail investors. This explains why this time SOL outperformed other large-cap altcoins.
Risk notes and adjustment scenarios
Although the bullish signal is overwhelming, investors still need to be cautious of adjustment risks when profit-taking pressure appears around the 172 USD threshold. Technical indicators such as RSI and MACD, if they show negative divergence or overbought conditions, will send early warning signs for a retest of the EMA50/EMA100 support zones.
Additionally, hot derivative money flows can cause sharp price volatility when automatic liquidation orders or sudden reversals occur. According to a report from Glassnode (2024), consecutive funding rate increases often lead to short-term corrections after 4–7 sessions of strong gains.
Investors should consider risk management strategies and closely monitor market sentiment reversal signs to maintain effective portfolio operation.
Long-term impact on the fundamental strength of the Solana ecosystem
This price increase reflects strong confidence in the DeFi and NFT potential of the Solana ecosystem. The capital locked into platforms like Kamino contributes to increasing the total value locked (TVL), enhancing the ecosystem's attractiveness to new projects and institutional investors.
In 2024, the TVL on Solana reached a peak of 4.5 billion USD, ranking in the top 5 blockchains with the largest total assets (source: DefiLlama, 6/2024). Experts forecast that with this accumulation rate, Solana could exceed 6 billion USD in TVL by the end of the year if large capital flows continue to be maintained.
Whale purchase events not only signal speculation but also demonstrate the attractiveness and long-term growth potential of Solana.
CEO of Kamino DeFi, interviewed at Blockchain Week Vietnam, June 2024, source: Vietnam Blockchain News
Scalability, low transaction fees, and fast block processing speed continue to be competitive advantages that Solana maintains over older generation blockchains like Ethereum or Binance Smart Chain.
Market perspective: Short-term and medium-term trend forecasts for SOL
In the context of current positive factors being reinforced, the optimistic scenario for SOL is to approach the 200 USD price zone before establishing a new bullish wave. The consensus between whales, investment funds, and retail traders will be the key driving force supporting this process.
However, if there is strong resistance at 172 USD causing the price to close below this level continuously for 3–5 sessions, the market may witness a strong technical correction towards the 162 USD zone, at EMA50–EMA100.
In the medium term, the upward trend remains bright as the Solana ecosystem continuously attracts new capital flows and grows strongly in DeFi, NFT, and GameFi sectors.
Whale footprints and comparison of buying momentum with other blockchains
Compared to leading blockchains like Ethereum (whales usually hold ≥ 10,000 ETH) or Bitcoin (whales hold ≥ 1,000 BTC), the transaction value of whales on Solana is smaller in scale but has a very strong ripple effect on community sentiment.
In 2024, a whale transaction on Ethereum worth 250 million USD only caused a price fluctuation of 2–3% in a day, while on Solana, a movement of 12 million USD could raise the price by more than 5% in just a few sessions (source: CryptoCompare, 2024).
Blockchain Transaction Size of Whales (USD) Daily Price Volatility (%) Solana 12 million 5.08 Ethereum 250 million 2.7 Bitcoin 300 million 2.5
The role of Kamino in long-term strategy
Kamino DeFi is emerging as a priority destination for whale capital on Solana thanks to its attractive yield program, high security, and large liquidity. The choice of whales to lock SOL in Kamino not only supports the price but also creates a FOMO effect that drives retail investors to accelerate their accumulation.
A representative from Kamino revealed: “We have seen the number of whale wallets sending over 10 million USD worth of SOL to Kamino tripled compared to the same period last year, reflecting the trend of DeFi DApps increasingly attracting large investors” (source: Kamino Report, Q2 2024).
This reinforces Kamino's position, driving Solana's strong growth in TVL metrics and its ability to retain long-term capital flows – a key factor for SOL to break historical price peaks.
Frequently asked questions about the recent price increase of Solana
What caused Solana's price to surge in August 2025?
The event of whales accumulating 12 million USD into Kamino, soaring trading volume, and the golden cross signal has triggered a wave of widespread buying, pushing Solana's price up.
What does the positive Buy-Sell Delta of Solana indicate about market sentiment?
Continuous positive Buy-Sell Delta for several days indicates dominant buying pressure, a signal of FOMO sentiment and expectations for continued price increases across the market.
What does a continuous positive Funding Rate mean for investors?
Prolonged positive Funding Rate indicates traders' confidence in long positions, implying that the upward price trend continues and the buying momentum in the derivatives market is very strong.
Is the 172 USD mark important in Solana's technical analysis?
This is a key resistance level. If surpassed with high volume and daily candles close above this level, SOL is likely to quickly move towards the 200 USD zone.
How to early identify the risk of price adjustment for Solana?
Observing the Spot Netflow index, funding rate, derivative positions, and negative divergence signals on technical charts can help investors recognize reversal signs.
How does whale capital influence Solana in the long term?
Whale capital locked into DeFi reduces liquidity supply on exchanges, supporting long-term growth and enhancing the strength of the Solana ecosystem.
What advantages does Kamino have over other DeFi platforms on Solana?
Kamino has an attractive yield farming program, high liquidity, and solid security, attracting large capital flows from institutional investors and whales.
Source: https://tintucbitcoin.com/ca-voi-gom-sol-gia-huong-200-usd/
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