Solana Whale Bets $2M on HyperLiquid: Is SOL’s Comeback Imminent?

A Solana whale just dropped a $2 million long position on HyperLiquid—either they're seeing something the rest of us aren't, or they've got money to burn like traditional finance bros at a yacht party.

The Big Bet

While retail traders panic-sell, this whale's massive position signals extreme confidence in SOL's recovery potential. The timing couldn't be more dramatic—just as the broader market shows signs of life.

Technical Setup

SOL's chart patterns suggest we're either at the brink of a major breakout or another painful rejection. The whale's move essentially bets against the bears, putting real money behind the bullish technical narrative.

Market Psychology

When whales make moves this public, they're either front-running institutional interest or trying to create a self-fulfilling prophecy. Either way, it's got everyone watching—because nothing moves crypto prices like other people's money moving first.

Will this trigger the bounce everyone's waiting for, or just become another expensive lesson in catching falling knives?

Solana Whale Activity Spurs Market Attention

As per the Onchain data, a major solana Whale has just deposited $2 million in USDC on HyperLiquid and opened a long position with 5x leverage. HyperLiquid is a crypto platform where users trade futures and leverage directly on-chain, no central exchange needed.

Source: X (formerly Twitter) 

This indicates confidence in the altcoin despite recent volatility. Such whale moves trigger market interest across both retail and institutional traders. Analysts are watching whether this activity can push it above the current $137 support level.

ETF Withdrawal Leads to SOL Price Drop 

Sentiment has been affected by it's ETF inflows and outflows.

• The first spot SOL ETF outflow of 8.10 million is recorded on 26 November 2025 since the launch. 

• CoinShares pulled its application on Nov. 29, the latest in a series of decisions that hinted at regulatory obstacles. This follows similar withdrawals for XRP and Litecoin Exchange Traded Funds.

• The result has been mixed reactions, while Grayscale's Exchange Traded Fund has received inflows of $4.33M, 21Shares' TSOL Exchange Traded Fund saw $1.38M outflows.

Regulatory delays have made institutional investors uncertain, placing pressure on Solana's price.

Upbit Hack Amplifies Security Concerns

The biggest crypto exchange in South Korea, Upbit, reported a $32M theft from a Solana hot wallet on Nov 28. An attack thought to be carried out by North Korea's Lazarus Group stomped on widespread fears of centralized exchanges' security risks. It also coincided with SOL moving below support at $138. Investors have their eyes on how the funds will be recovered in this case.

Solana Price Prediction

The coin is now trading at $137 with a decrease of 1.90% in the last 24 hours. 

Source: CoinMarketCap

• The altcoin recently tested $142 resistance but failed to break higher.

• This technical rejection triggered algorithmic selling, and it is testing its 7-day SMA at $136.68.

• A close below $138.99 could result in a drop towards $122–$130. 

• Bulls would need to see if it decisively break above $142 to aim for $170. 

Key Takeaway for Holders

For regular holders of this crypto, the $2M whale long shows big players still have confidence. But the ETF outflow and the Upbit hack show prices can stay volatile in the short-term.

What's Next for SOL?

Its drop reflects regulatory hurdles, security fears, and technical exhaustion. However, ETF inflows of $5.37M and staking activity make up 65% of the amount of SOL staked. 

The other important events coming up are SEC comments on Franklin Templeton’s Solana ETF and the recovery of Upbit’s wallet. Meanwhile, the recent movement of Solana Whale on HyperLiquid could be a catalyst for a short-term rebound if the market stabilizes.

This article is for informational purposes only and not a financial advice, kindly do your own research before investing.