SOL has recently been fluctuating above $100, with large-scale purchases on the chain and the expansion of the tokenized asset scale of Solana becoming the two main focuses of market attention. The latest data shows that a whale investor has purchased a total of 285,503 SOL over the past three weeks, which is approximately equivalent to $28.82 million according to the figures mentioned in the text.
Whales have accumulated positions over three weeks.
The report mentioned that this position was established by the address HURDw on Hyperliquid. Large-scale purchases usually increase market attention to short-term liquidity and price support, but a single increase in holdings does not necessarily mean that the market trend will continue to rise.
At the same time, the market is also tracking other capital movements related to Solana. The article mentions that Fundstrat may be shifting its focus from Ethereum to Solana, but the current information does not indicate that a clear configuration switch has been completed yet.
Solana Chain's RWA rises to $4.35 billion
In addition to price factors, the real-world assets ( RWA ) of Solana are also on the rise. Reports indicate that the total scale of RWA on the Solana chain has exceeded $4.35 billion, setting a new high, and the number of related holders has also surpassed 420,000.
These data indicate that Solana's activity in the field of tokenized assets continues to expand. For the market, such fundamental data typically enhances attention to the sustainability of the ecosystem and also provides more basis for discussions regarding the valuation of SOL.
$100 becomes a short-term focus
From a price performance perspective, SOL is currently still fluctuating around the $100 level. Reports suggest that if this level continues to be supported, prices could further rise towards the $130 region; if the breakout momentum strengthens, $150 will become the target for market attention in the next phase.
However, if it loses 100 dollars, the risk of a decline will also increase accordingly. The article mentions that SOL may first drop to around 80 dollars; if that area is also lost, the price range could further decrease.
- Whales have purchased 285,503 SOL in the past three weeks.
- Converted according to the text, it is approximately 28.82 million US dollars.
- Solana Chain RWA with a scale of over $4.35 billion
Overall, the significant increases in holdings by large investors, the expansion of RWA, and the price holding above the integer mark are collectively influencing market expectations for the subsequent trend of SOL. However, the short-term focus remains on whether the price can continue to find support at the $100 level.
