Solana whales have accumulated 24.5 million SOL tokens at approximately $189, creating a significant support zone. On-chain data reveals a dense cluster of cost-basis orders within this range, with price action testing these levels. A symmetrical triangle pattern on the daily chart further confirms structural support between $189 and $191.
Additionally, Bitwise has purchased 246,950 SOL, valued at $48 million, highlighting increased interest in Solana. This whale activity suggests a growing confidence in the asset's potential, as investors position themselves strategically within this support zone.
Solana Whales Accumulate 24.5M SOL, Establishing Key Support at $189
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