Solana Eyes $155 Breakout Amid Whale Activity and Bullish Sentiment

Solana (SOL) is showing strong signs of a potential breakout, with key indicators pointing toward a bullish trajectory. Recent whale activity, involving two large transfers totaling over $200 million in SOL from unknown wallets, has sparked speculation about near-term liquidity shifts. At press time on May 8, 2025, SOL was trading at $143.96, reflecting a minor 0.90% decline over the past 24 hours. Despite this short-term dip, technical consolidation patterns and derivatives data suggest significant upward potential, with a breakout target of $155 in sight. The combination of heightened whale movements and positive social sentiment is fueling Optimism among traders and investors. This article delves into the factors driving Solana’s momentum and what could lie ahead for the cryptocurrency.

Solana Eyes $155 Breakout Amid Whale Activity and Bullish Sentiment

Solana’s market trajectory shows signs of a potential breakout as whale activity and social sentiment fuel bullish momentum. Two large transfers totaling over $200 million in SOL from unknown wallets have sparked speculation about near-term liquidity shifts. The coin traded at $143.96 at press time, down 0.90% over 24 hours.

Technical consolidation patterns align with derivatives data suggesting upward potential. Market participants watch for confirmation of the $155 resistance breach, which could validate the current accumulation phase. Social volume metrics reflect growing retail interest, often a precursor to volatile price action.

Solana (SOL) Climbs Ahead of FOMC, Bullish Bets Reach Monthly High

Solana’s SOL token gained 2% as crypto markets edged higher ahead of the Federal Open Market Committee meeting. On-chain metrics reveal a surge in long positions, with the SOL long/short ratio hitting 1.04—its highest level in a month.

Futures traders are positioning aggressively for upside, according to Coinglass data. The long/short ratio’s climb above parity signals growing conviction among derivatives participants. Market sentiment appears to be tilting bullish as traders anticipate potential macroeconomic catalysts.

Institutional Investor SOL Strategies Acquires $18.25M in Solana Tokens

SOL Strategies, a Canadian investment firm specializing in the Solana ecosystem, has purchased 122,524 SOL tokens at an average price of $148.96, totaling $18.25 million. This acquisition is part of a broader $500 million convertible note facility arranged with ATW Partners.

The move signals growing institutional confidence in Solana’s infrastructure. Validators—network participants that verify transactions—gain influence proportional to their staked assets. SOL Strategies’ expansion into validator operations aligns with Solana’s proof-of-stake consensus mechanism, where larger stakes increase validation opportunities.

Market observers view such institutional accumulation as a bullish indicator for SOL’s price trajectory. The token’s ecosystem continues attracting capital deployments despite broader crypto market volatility.

Solana Gains $12M Investment as DeFi Giant Accumulates 82,000 SOL Amid Layer-2 Presale Boom

Solana’s ecosystem is witnessing renewed bullish momentum as DeFi Development Corp. (formerly Janover) acquires 82,000 SOL tokens worth nearly $12 million. The move coincides with Solaxy, Solana’s first Layer-2 solution, surpassing $33.5 million in presale funding.

Network upgrades and institutional accumulation are reinforcing long-term confidence in SOL. Market participants anticipate Solaxy’s launch could resolve Solana’s historical congestion issues, potentially positioning the blockchain as a leader in high-throughput smart contract platforms.