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- Solana saw $291M inflows, the second-largest weekly in its history.
- Whales continue selling, with a $31.59M dump and Grayscale unloading SOL.
- Key support holds near $200, but risks remain below $190.
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Solana [SOL] is proving resilient in a market defined by heavy selling and outflows. While major crypto assets like Bitcoin and Ethereum faced steep withdrawals, institutional investors continued to back Solana with confidence, fueling one of its strongest weeks on record.
Institutions Bet Big, Whales Cash Out
Data from CoinShares shows that Solana recorded $291 million in inflows last week, its second-largest weekly haul ever and the highest among all digital assets. This stands in stark contrast to Bitcoin’s $719 million in outflows and Ethereum’s $409 million bleed. Despite the broader $812 million in market exits, Solana attracted steady interest, extending its streak to 16 straight weeks of positive inflows and pushing its year-to-date total to $1.8 billion.
But not all investors are holding tight. On September 29, a whale sold off $31.59 million worth of SOL, continuing a trend of large holders taking profits during short-term rallies. Grayscale also joined the selling pressure, unloading over 160,000 SOL in one move. This split between institutional accumulation and whale exits highlights the tug-of-war shaping Solana’s near-term price action.
A whale sold $31,590,000 in $SOL today.
— Ted (@TedPillows) September 29, 2025
Whales are selling aggressively on every small pump. pic.twitter.com/ki4cuGJBto
Fitell Corp Expands Solana Strategy
Adding to the momentum, Australian firm Fitell Corp revealed plans to grow its Solana-based strategy by creating a PUMP token treasury. The company raised $100 million and allocated $10 million to SOL purchases for its Solana Digital Asset Treasury (DAT). This marks another step in institutional adoption, reinforcing Solana’s role as a preferred blockchain for treasury strategies.
Also Read: Solstice Finance Officially Launches USX, A Solana-Native Stablecoin With $160M Deposited TVL
Key Levels Define the Next Move
At press time, SOL traded at $206.66, down nearly 3% on the day. The token continues to face resistance near the $210–$215 range, while strong buying interest holds around the $200 support zone. Technical signals remain cautious: RSI sits near 44, and the MACD stays negative, leaving downside risks toward $190 if bulls fail to reclaim higher levels.
Solana’s ability to attract institutional inflows, even as whales secure profits, shows growing conviction in its long-term story. If key support levels hold, the asset could be positioned for another leg higher once broader market sentiment stabilizes.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
