Solana Whale Movement Sparks Market Speculation Amid Price Dip
On April 28, 2025, Solana’s blockchain recorded a notable whale transaction involving 17,481 SOL, previously staked for two years, being transferred to Kraken. This movement has sparked speculation in the market, especially as Solana’s price experienced a slight decline of 1.74% to $148.52 at the time of reporting. Despite the dip, heightened social engagement and bullish technical indicators suggest potential upward momentum, with resistance levels eyed at $153.65. Retail sentiment remains optimistic, and ongoing development progress hints at underlying strength. The market is now closely watching whether institutional interest will follow, potentially driving further price action.
Solana Whale Activity Sparks Speculation Amid Price Dip
Solana’s blockchain witnessed a significant whale movement as 17,481 SOL—previously staked for two years—was transferred to Kraken. The asset traded at $148.52 at press time, marking a 1.74% daily decline despite heightened social engagement and bullish technical indicators targeting the $153.65 resistance level.
Retail sentiment and development progress suggest underlying strength, though the market now watches whether institutional players will align with this optimism. The whale’s decision to liquidate after prolonged staking introduces volatility potential, making SOL a focal point for traders anticipating breakout momentum.
SOON Pre Market Soars: Is Solana Optimistic Mainnet Incoming?
The Soon Solana Optimistic Network (SOON) is generating significant pre-market interest as speculation builds around its upcoming mainnet launch. This new project introduces an SVM Rollup, a specialized blockchain design that enables soonBase to operate across multiple Layer-1 networks beyond just Solana.
Market observers are closely monitoring the development, which could potentially expand Solana’s ecosystem interoperability. The technical approach suggests a focus on scalability and cross-chain functionality, though detailed performance metrics remain undisclosed.
dTelecom Launches Decentralized Communication Platform on Solana
Dubai-based dTelecom has officially launched its decentralized real-time communication (dRTC) platform on the Solana blockchain. The open-source network aims to transform audio, video, and chat services through blockchain-powered infrastructure with AI integration.
The permissionless system enables developers to build real-time interactions between users and large language models while maintaining data ownership. Node operators can earn rewards by contributing bandwidth to the high-frequency network, which processes state updates multiple times per second.
Solana’s Resilience Tested Amid Market Recovery
Solana (SOL) has staged a notable recovery in recent days, climbing back from sub-$100 levels during the broader cryptocurrency market downturn. The asset posted gains of 2.2% daily, 7.6% weekly, and 19.7% monthly, demonstrating its characteristic volatility.
Since plummeting below $10 following FTX’s collapse in 2022, SOL has repeatedly defied expectations, notching multiple all-time highs. Its most recent peak occurred on January 19, 2024, before the Trump tariff announcements triggered sector-wide declines.
The current rebound aligns with improving market sentiment across digital assets. Solana’s ability to weather extreme volatility continues to solidify its position as one of crypto’s most resilient protocols.
