Lately, an increasing number of inactive significant investors have started accumulating Solana (SOL) in anticipation of a rise in the overall ecosystem. A large investor who had been dormant for two months withdrew 61,319 SOL, valued at $12.4M, from both Binance and OKX at an average price of approximately $202.53 per SOL.
This investor had previously conducted two successful trades between December 2023 and November 2024, generating profits of $8.47M with a return rate of 38.9% and a flawless win record. Following the success of this investor, making a purchase now may be a prudent decision as the price is expected to surge soon.
Another investor, known as “GJwCU,” also reappeared after a year and pulled out 30,901 SOL, worth $6.24M, from Binance. This investor had gained a significant profit of $8.15M with a 21.9% return from a single trade during the same period.
A new wallet withdrew 30,900 SOL, valued at $6.27M, from Binance for staking purposes, indicating that major investors are interested in maintaining SOL’s price around $200. This move could stabilize or even enhance its value by decreasing the circulating supply and demonstrating long-term confidence.
Such activity by major investors often signifies bullish sentiment, potentially driving up the price of SOL by increasing market demand and showcasing investor trust in Solana’s future.
Price Movement and Forecast
Analyzing the price movements of Solana, which has been a focal point for traders due to its high volatility, further suggests the potential for a price surge. Previously, a substantial accumulation of Open Interest (OI) around the $190 level indicated strong support from buyers, preventing further price declines.
The $200 threshold, previously a challenging resistance level, now seems to be evolving into a support level, with SOL maintaining a position just above it.
With OI volumes reaching approximately $40M, staying above $200 could propel SOL to higher levels, solidifying the shield provided by major investors at this level.
In contrast, a drop below this pivotal point could trigger a retest of the $190 support level. The Relative Strength Index (RSI) standing at 43.77 indicates a slightly bearish trend, while the On-Balance Volume (OBV) at 69.05M suggests sustained interest in SOL.
Consolidation above $199 would reinforce the bullish scenario, but traders should remain cautious of potential false breakouts.
A failure to maintain levels above $199 could indicate a weakening momentum, leading to potential price declines.
The Resurgence of Solana’s AI Tokens?
The renewed interest in Solana’s AI tokens, arc (ARC) and ai16z (AI16Z), sparked considerable attention in the ecosystem. An investor, identified as “8u6u3,” allocated around $3.86 million to ARC and $3.56 million to ai16z tokens.
This move followed a withdrawal of 38,139 SOL from Coinbase, indicating strategic planning for these investments.
In response to these acquisitions, ARC surged by 81%, and ai16z rose by 35%, signaling a robust market reaction.
This uptrend could indicate a revitalization in interest for Solana’s AI tokens. Nonetheless, the sustainability of this trend remains uncertain.
Traders and investors should monitor whether this momentum endures or if it was merely a short-lived surge driven by major investor activities.