đ Solana Whales Trigger $85M Buying Spree Ahead of Major Upgrade đ„
$SOL
In the last 24 hours, Solana (SOL) whales have accumulated over $85 million worth of SOL, according to on-chain tracking platform WhaleStats. The buying frenzy comes just days before Solanaâs much-anticipated "HyperEdge" network upgrade, which aims to boost transaction throughput by 40% and reduce gas fees by nearly half.
Market analysts believe the whale activity could signal a bullish breakout, with short-term price targets ranging between $165â$180 if the upgrade delivers as promised. Traders are already reporting increased futures open interest on Binance, suggesting that leveraged positions are building up ahead of the event.
Meanwhile, Solanaâs DeFi ecosystem has quietly crossed $5 billion in Total Value Locked (TVL) for the first time since late 2021 â an achievement many see as a sign of renewed investor confidence.
âThis isnât just a hype pump â whales are positioning for something big,â says crypto strategist Elaine Brooks.
âIf Solana nails this upgrade, it could set a new benchmark for L1 performance.â
With the HyperEdge upgrade scheduled to go live on August 15, all eyes are now on Solanaâs price action. Will the whales win big, or will the market sell the news?