Solana price fell 4% in 48 hours to hit $225 on Friday, decoupling from the broader altcoin market resurgence.
The $3 billion SOL market cap decline coincided with Trump-backed WLFI’s latest crypto acquisitions, drawing investor attention toward the Ethereum ecosystem. Average balance in buying addresses increased from 383 SOL to 1,096 SOL, signalling a 186% rise in Solana whale demand over the last three days. While Trump-backed WLFI’s latest crypto acquisitions drew retail mass market attention toward the Ethereum ecosystem, on-chain data shows Solana whales increasingly buying the dip.
However, vital on-chain metrics show Solana whales capitalizing on the falling prices to buy the dip, a move that could potentially trigger a bullish reversal in the days ahead. The Hellomoon chart below tracks the balances held in wallets that acquired SOL over the past week. This serves as a proxy for measuring real-time changes in whale trading activity.
Ethereum Cryptocurrencies Technical Analysis
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