Solana News: Binance’s Accumulation Pattern Signals Potential Price Bounce for SOL

Recent data suggests that Binance, one of the largest cryptocurrency exchanges, has been engaging in accumulation activities related to Solana (SOL), hinting at a possible price rebound in the near future.

Binance Accumulating Solana, Will Price Bounce?

Binance’s SOL balance showed an accumulation pattern between August 2024 and March 2025. The balance was highest in August 2024 and progressively dropped until early January 2025, which fits the narrative of Binance offloading SOL to create a price valley. Starting from January 2025, the balance strongly turned positive, rising sharply by March 2025. This was a bullish accumulation signal, indicating that Binance was accumulating SOL again. Such accumulation could potentially drive SOL to new highs if the trend continues.

FalconX Completes First CME Group Solana Futures Block Trade

FalconX, a digital asset prime broker, announced the completion of the first-ever block trade for CME Group’s Solana futures with StoneX as counterparty. The transaction was executed ahead of the SOL futures launch of new contracts expected on March 17. The goal of the trade was to manage risk and price exposure on a regulated venue. A block trade in this context refers to a large-volume, privately negotiated transaction done outside the open market to avoid disrupting the asset’s price.

Solana Co-Founder Hails SIMD-0228 Rejection as Milestone for Self-Governance

Solana co-founder Anatoly Yakovenko hailed the rejection of SIMD-0228 as a milestone for the network’s self-governance. The proposal, which aimed to reduce the 4.7% inflation rate on the Solana network, failed to reach the required 66.67% approval with only 61.4% in favor despite a 74% voter turnout. Yakovenko emphasized the need for fast and decisive governance, viewing the rejection as beneficial for the network.

Solana Celebrates 5 Years with Impressive Milestones

Solana, the layer-one blockchain platform, has completed five years since the launch of its mainnet on March 16, 2020. To celebrate, the network shared its accomplishments, including over 408 billion total Solana transactions and nearly $1 trillion in trading volume. Solana aims to balance scalability, security, and decentralization, leveraging proof-of-stake and proof-of-history to speed up transaction processing.