Solana attracted attention as a whale bought 60,000 SOL worth 11.23 million USD, pushing the price up from 175 USD to around 190 USD before a slight correction.
Whale trading helps Solana maintain short-term upward momentum; however, profit-taking pressure and technical indicators suggest the trend is still at a decisive balance point.
MAIN CONTENT
A whale recently bought 60,000 SOL worth 11.23 million USD, marking confidence in the current price.
Futures trading activity is lively with a dominant Long position, forecasting short-term bullish sentiment.
Strong profit-taking pressure poses a risk of price reversal, with technical indicators at a critical point.
What is Solana?
Solana is a blockchain platform focused on fast processing speeds and low transaction fees, standing out among competing Layer 1 projects directly challenging Ethereum.
Solana continuously attracts large cash flow, not only due to its technological advantages but also thanks to the participation of whales in the market. Along with its rapidly expanding application ecosystem, Solana is currently one of the blockchain platforms with top liquidity and trading volume in spot/futures across the entire cryptocurrency market.
What has been the recent price movement of Solana?
After a sharp drop to 175 USD, Solana's price bounced back to 190 USD before slightly retreating to 187 USD, indicating strong demand re-emerging at the support level.
Notably, in the preceding week, Solana experienced a 9.25% decline amid an unstable market. The rapid price increase accompanied by high trading volume reflects a tug-of-war stage between strong purchases from large institutions and profit-taking pressure from retail investors.
The strong recovery right after a deep drop indicates that cash flow is looking to buy at attractive price levels, especially when signs of accumulation from whales appear.
Source: AMBCrypto, 2025
Why are whale transactions a noteworthy signal?
A new wallet has purchased 60,000 SOL worth nearly 11.23 million USD, indicating strong confidence in Solana's current price.
According to Coinalyze data, the buying volume reached 3.4 million USD compared to 3.2 million USD of selling volume at the same time, reflecting strong demand in the short term. When a new whale appears actively, it is often a sign that the market is attracting large-scale investors, opening up expectations for positive price volatility.
The entry of large investors along with significant buying is often the foundation for strong subsequent price increases, but it can also lead to unexpected volatility if the cash flow reverses.
Onchain Lens, 2025, X.com
How are Solana whales actively participating in the futures market?
Whales not only stop at spot but also place large orders in the futures market, marking their first significant transaction in the past 7 days.
Data from CryptoQuant shows that Solana has seen large futures order executions, and the Long/Short ratio surged to 3.38 – meaning 77.19% of the orders belong to Long positions. When Long positions dominate, even whales are betting on a short-term price increase for Solana.
A Long/Short ratio exceeding 3 indicates market bullish sentiment; however, if the market reverses, liquidating Long contracts could lead to a strong price shock.
According to Coinalyze data, August 21, 2025
What impact does profit-taking from holders have?
As soon as Solana recovered from the short-term low, many investors quickly took profits, resulting in two consecutive days of recorded positive Spot Netflow.
CoinGlass data shows that the Netflow on August 21 reached 12.03 million USD, a sharp decrease from 19 million USD the day before. Positive netflow indicates that selling pressure is outweighing buying – this is a signal that often precedes short to medium-term price decline risks.
Strong profit-taking pressure when the price recovers warns of the risk of trend reversal, especially when technical indicators have not yet confirmed a sustainable upward trend.
CoinGlass, 2025
What technical indicators are currently signaling for Solana?
The Stochastic RSI of Solana is currently at 23, with the signal line around 26, in the low zone and approaching a crossover point, indicating the potential for a buy signal if the crossover is successful.
At the same time, the Directional Movement Index (DMI) indicator moved from 24 to 25, also attempting to form a bullish crossover. If these two indicators confirm the crossover, Solana has a chance to break the strong resistance level of 191 USD to target 205 USD. Conversely, if selling pressure prevails, the price may retreat to the 174 USD mark as before.
Solana will only confirm a bullish trend if two key momentum indicators, Stochastic RSI and DMI, crossover upwards in the coming sessions.
AMBCrypto, TradingView data analysis, August 22, 2025
Where are the short-term resistance and support levels of Solana?
The main resistance level for Solana is 191 USD; if surpassed, it will expand the target to the 205 USD price range; the nearest support is at 174 USD.
Short-term price movements will continue to be influenced by the cash flow volatility of whales, profit-taking actions, and confirmation signals from key technical indicators. Investors need to pay special attention to this critical price zone to effectively manage risks in trading.
Price Levels Description 174 USD Short-term support 191 USD Strong resistance 205 USD Target increase if breakout is successful
Frequently Asked Questions
What is a Solana whale?
A Solana whale is an investor holding a large amount of SOL; their transactions can significantly impact price and market liquidity.
How much SOL did the whale just buy and at what price?
A new wallet purchased 60,000 SOL, equivalent to nearly 11.23 million USD around the price range of 187 USD – 190 USD on August 21, 2025, according to Onchain Lens.
What is noteworthy about Solana's futures trading activity?
Whales opened large Long positions, making the Long ratio exceed 77% of futures contracts, reflecting expectations of continued price appreciation.
Which price levels of Solana should be focused on right now?
Investors should closely observe the support level at 174 USD and the resistance at 191 USD; breaching 191 USD could target 205 USD; if it falls below 174 USD, it could drop deeper.
What does positive Spot Netflow indicate?
Positive Spot Netflow means that the amount of coins sold is greater than bought, warning of overwhelming supply and the risk of price correction in the short term.
What are the Stochastic RSI and DMI indicators signaling?
Both Stochastic RSI and DMI are in the zone preparing for a buy signal; if they crossover simultaneously, it will confirm a short-term bullish trend for Solana.
What is the biggest risk for Solana currently?
Mass profit-taking from holders when prices surge is the main risk, which could cause a downward reversal if buying pressure is not maintained strongly enough.
Source: https://tintucbitcoin.com/whales-in-solana-only-11-million-usd/
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