SOL Holds Above $170 After 86% Rally as Whale Accumulation and Wallet Milestones Drive Optimism

Solana (SOL) is currently trading at $173.12 on Binance, with a 24-hour trading volume of approximately $2.86 billion and a market capitalization of over $90 billion; the price has declined by 2.56% in the past 24 hours after opening at $177.66. The recent price decrease follows a period of strong bullish momentum, with SOL consolidating above the $170 support level after an 86% rally since April 2025. The slight pullback can be attributed to short-term profit-taking and market consolidation despite positive developments, such as Solana’s growing ecosystem, the milestone of 11 million wallets, and continued whale accumulation and staking activity. Additionally, anticipation around new integrations, including potential MetaMask support and institutional partnerships, continues to underpin long-term optimism, even as the market digests recent gains.