This week, tens of thousands of Solana (SOL) tokens were purchased by large wallets from FalconX and Wintermute. Onchain reveals that there was a purchase of 44,000 SOL worth approximately $8.3 million on October 26, 2025. As of April, the same group had approximately 844,000 SOLs in stock, valued at approximately $149 million. These repeated inflows indicate growing confidence among the market’s key participants before major developments occur within the Solana ecosystem.
Whales are loaded onto Solana at a discounted rate. Solana will soon be $1000. pic.twitter.com/tKO06T3WNO
— Sensei Solana (@SolanaSensei) October 26, 2025
Accumulation scale refers to organizational behavior
All trades were made in Solana, which ranged between $192 and $195. This accumulation accounts for approximately 0.18% of the total supply of approximately 470 million SOL in circulation. This type of concentration of purchases usually indicates the strategic position of a financial institution or wealthy trader who expects prices to rise. The trading pattern is consistent with historical whale movements during the period prior to the rally.
The hybrid Proof-of-History and Proof-of-Stake consensus developed by Solana enables high throughput at low cost. The network also processes over 60,000 transactions in less than 1 second and costs less than 001. These technical advantages are attractive to developers and investors and strengthen the Solana ecosystem of DeFi and NFT projects. The latest performance improvements also improve reliability and address historical network failures.
Future ETFs gain momentum
Optimism is growing among investors ahead of the launch of Asia’s first Spot Solana ETF in Hong Kong on October 27, 2025. As with Bitcoin and Ethereum products, approval of the ETF should attract inflows from institutional investors. Analysts estimate the potential influx in the first year to be about 1.5 billion people. These regulatory milestones are likely to be followed by a reassessment of the market due to the influx of new capital into the ecosystem.
As per analysts, SOL has the next major resistance level at $196. If the buying momentum continues, the next price target will be $218. Whale accumulation and ETF expectations both have high upward pressure. Nevertheless, short-term volatility could occur if liquidity drops below $180 and there is significant short selling around $195. These trends indicate that the market is starting to move in large quantities.
Institutional signals strengthen market legitimacy
The presence of platforms such as FalconX and Wintermute supports the organizational acceptance of Solana. FalconX operates as a prime broker for institutional investors, while Wintermute is the leading liquidity provider in the crypto market. These are active, which means Solana is increasingly integrated into organized investment portfolios. It’s a change from speculative retail participation to more institutional ownership.
Nevertheless, Solana still competes with other layer 1 networks such as Ethereum and Binance Smart Chain due to its superior fundamentals. Market manipulation becomes an issue when whales suddenly choose to sell their stocks. Long-term sustainability of Solana’s price can be ensured by stable network performance and increased developer adoption.
