Solana (SOL) is testing a critical breakout level, fueled by whale activity and institutional investments totaling over $240 million, driving bullish momentum in the October 2025 market.
This surge in whale activity signifies growing confidence in Solana's long-term prospects, potentially influencing market dynamics and driving prices higher amidst favorable technical and institutional conditions.
Key Developments in Solana's Market
Solana (SOL) is currently attempting a breakout, driven by whale accumulations exceeding $240 million as of October 2025.
The substantial whale accumulation indicates strong institutional belief, which could significantly transform market dynamics with far-reaching impacts.
Whale Accumulates 844,000 SOL Since April 2025
In October 2025, Solana's price action reflected increased whale interest. A significant wallet purchased 844,000 SOL since April, signaling strong confidence in the asset. Citadel enhanced its positioning by acquiring a 4.5% stake in DeFi Development Corp., influencing significant SOL movements. Treasury firms bought SOL under $200, indicating strategic accumulation.
Since April 2025, 844,000 SOL have been staked through FalconX and Wintermute—OTC channel accumulation at institutional scale. – On-chain Analytics, FalconX/Wintermute
SOL Price Nears $197 Amid Institutional Interest
The financial markets saw SOL rebounding to near $197, creating financial waves. Institutional interest suggests a potential price upsurge to $218, prompting various stakeholders to watch closely. Whale activity contrasts with Ethereum trends, reflecting a vivid Solana narrative shift. The staked SOL of significant portions amplifies incentives for prolonged stability in its ecosystem.
Solana Targets $350–$380 with Institutional Backing
Past whale accumulations have spurred price rallies, especially the 2024 ETH ETF scenario. Solana's current momentum resonates with previous bullish cycles observed in 2021–2022. Likely outcomes point to SOL reaching targets of $350–$380 with ongoing developer and institutional backing, mirroring historical growth patterns and increasing confidence.