Whale Purchase Boosts Solana Treasury Holdings Amid Growing Demand

Solana's treasury just got a massive whale-sized boost as institutional demand surges.

The Big Money Move

A single whale transaction pumped millions into Solana's treasury reserves—no small change even by crypto standards. Shows institutions aren't just dipping toes anymore; they're diving headfirst into SOL accumulation.

Market Momentum Builds

Demand isn't cooling off either. Trading volumes spike, liquidity deepens, and let's be real—when whales move, minnows notice. The whole ecosystem feels the ripple.

Finance's ' cautious optimism meets crypto's relentless growth—because nothing says 'trust the system' like a decentralized ledger outperforming traditional assets. Again.

TLDR

• A whale acquired 412,075 SOL worth $98.4 million, signaling strong institutional interest in Solana treasuries.
• The purchase took place at market rates with tokens transferred from major exchanges like Binance, OKX, and Coinbase.
• Solana treasury companies now hold 2% of the total SOL supply, reflecting their growing influence in the market.
• Solana treasuries are actively participating in staking and liquid staking, compounding rewards and expanding holdings.
• The value of Solana’s ecosystem locked in staking continues to rise, with over $12.35 billion currently locked.

The solana treasury season continues as another large institution purchases significant amounts of SOL. A recent report shows a whale acquiring 412,075 SOL, valued at $98.4 million. The purchase, executed through FalconX, signals growing institutional interest in Solana treasuries, as they offer additional passive income opportunities.

This acquisition mirrors the strategy of treasury companies that hold substantial amounts of tokens. The whale’s purchase occurred at market rates, with the tokens transferred from major exchanges like Binance, OKX, Coinbase, and Bybit. As Solana’s price dipped to $233.86, the buyer capitalized on the opportunity to buy more SOL, boosting their holdings.

Large-scale Solana treasury companies continue to dominate the market. These companies now hold around 2% of the total SOL supply, reflecting the growing influence of Solana’s treasury ecosystem. However, some whales are also using the recent price volatility to exit, with one whale transferring $23 million worth of SOL to OKX.

Solana Treasury Show Strong Growth

FalconX remains a key player in the Solana treasury space, holding 449,000 SOL, worth over $117 million. Solana treasuries have grown significantly, though they still trail behind Bitcoin and ethereum in terms of accumulated reserves. Currently, large treasuries hold 2 million SOL, while smaller ones maintain under 500,000 SOL.

Despite the selling pressure from some market players, the increase in treasury companies has helped stabilize the Solana market. These entities offset selling activity and pressure from token unlocks. As Solana’s ecosystem strengthens, so does the demand for Solana treasury involvement.

Whale 2nWbwF deposited 100,000 $SOL($23.64M) into #OKX 2 hours ago after receiving it from Coinbase Prime.https://t.co/DfoiM4uIzm pic.twitter.com/i1JGIMmn6Z

— Lookonchain (@lookonchain) September 17, 2025

The mNav ratio of Solana treasuries remains above 1, indicating their stock is still attractive. These companies are not just holding tokens but are actively participating in staking and liquid staking. This involvement is creating an expanding treasury ecosystem, with rewards compounding for the largest entities.

Solana Staking and Liquid Staking Grow

As of September 17, Solana treasuries collectively hold approximately 17.112 million SOL across 17 different entities. These treasuries have staked 7.4 million SOL at an annualized rate of 7.96%. The staking rewards are estimated to be 589,000 SOL, further adding to the treasuries’ holdings through compounding.

The increase in liquid staking rewards highlights the growing interest in Solana-based income. The process allows treasury companies to generate additional revenue while holding their tokens. This trend is evident as the value of Solana’s ecosystem locked in staking continues to rise.

In addition to staking, Solana treasuries are utilizing liquid staking tokens to leverage their holdings. Jito, Binance Staked SOL, and other entities are competing to gain access to these treasuries. Binance Staked SOL alone has expanded its holdings to a record high of over $2.88 billion in recent weeks.