Solana News: SOL Pulls Back 14.5% from ATH Amid Record Whale Activity

Solana (SOL) has recently seen a 14.5% decline from its all-time high (ATH), despite a surge in whale addresses holding large amounts of SOL. This pullback comes as technical indicators suggest a potential slowdown in the cryptocurrency's strong uptrend. However, the increasing number of whale addresses indicates sustained institutional interest, which could play a crucial role in determining SOL's next major price movement.

Solana (SOL) Pulls Back 14.5% from ATH Despite Record Whale Numbers

Solana (SOL) has experienced a 14.5% pullback from its all-time high (ATH) despite reaching record numbers of whale addresses. Technical indicators suggest that the strong uptrend is losing momentum, with key support and resistance levels likely to determine the next major price move. The growing number of whale addresses holding large SOL positions indicates strong institutional interest, even amidst the recent price correction. Solana whales have reached historic levels, with addresses holding 10,000+ SOL peaking at 5,137 three days ago before slightly declining to 5,128. Tracking these large holders is crucial for market analysis, as whales can significantly impact price movements through their trading decisions. These large holders often represent institutional players, and their actions can signal broader market sentiment and potential price trends.

Solana Rises Despite Network Challenges

Solana (SOL) has managed to scale through network challenges and is up 22%. The network has added new features to make it even better, with more DeFi projects and NFTs popping up on its network, helping it stay relevant. However, some investors are displeased by Solana’s recent network issues, which have affected Solana-based apps including the decentralized exchange Jupiter and the digital wallet Phantom.

Solana Gains Traction

Solana (SOL) has shown impressive growth, with a 4.3% increase in the last 24 hours, a 22.2% rise over the past week, and a 37.6% increase in the last 14 days. Over the previous month, SOL has risen by 30.7%, and since January 2024, it has surged by 211%. The cryptocurrency is currently only 11.6% below its all-time high of $293.31, which it achieved on January 19, 2025. This performance highlights SOL's strong position in the market.

Solana’s Price Drops but Hopes for a Rebound Stay Strong

From its all-time high of $295.83 which it attained on January 19, Solana (SOL) has fallen 14%. Though the price has dropped, many investors still think Solana might recover and soar shortly. More people purchasing Solana once more is one encouraging indication. Solana’s spot market witnessed a lot of money streaming in over the past week.