Solana whale and institution buy $23 million in SOL as price holds near $120
Image: Crypto.newsSolana traded near $120 while a whale and an institution bought about $23 million in SOL. The whale opened a 5x long position of 164,642 SOL worth $19.78 million on Hyperliquid. DeFi Dev Corp bought 26,203 SOL worth roughly $3.15 million since Sept. 28, lifting holdings to 2.564 million SOL. SOL is consolidating in a triangle pattern near its apex, with $125 resistance above.
Key points
- Trend readings stayed positive, with trend support sitting below the current price.
- SOL is consolidating in a triangle pattern near its apex, with $125 resistance above.
Why it matters
SOL is trading below its $125 resistance pivot while a whale and an institution accumulate. Liquidation concentrations sit around $115 to $116 below the price and $123 to $125 above it.
What's unclear
Cited downside levels differ, with one report naming $95 and the other naming $115 to $119 support zones.
Price context · SOL
At publication
$120.88
Now
$120.48
Change since
−0.33%
7 days · dashed line = publication
Sources · 2 publishers
AMBCrypto
Tier 2
Solana nears breakout as whales accumulate $23M in SOL – Can $150 follow?
Crypto.news
Tier 2
Solana price prediction: Can SOL hit $150 in October?
Coverage timeline
- First reported by Crypto.news
- Confirmed by AMBCrypto
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
