Solana (SOL) Price: Major Whale Accumulation and Record ETF Inflows Signal Potential Rally to $150

Key Highlights

• SOL experienced an 8.31% decline from $110.50 to approximately $100.40 starting August 26
• 52 additional whale wallets emerged in the last week, each holding 10,000+ SOL
• Spot Solana ETFs in the United States recorded seven consecutive weeks of capital inflows, adding 1.2 million SOL (~$120M) in the most recent week
• SOL balances on centralized exchanges decreased by 4.91%, indicating a shift toward long-term holding strategies
• The Double Disinflation governance proposal succeeded, increasing the yearly disinflation rate from 15% to 30%

Solana has experienced a significant pullback in recent trading sessions, yet beneath the price action lies a compelling narrative of network strength and institutional confidence. Multiple on-chain metrics reveal increasing adoption, sustained institutional investment, and a blockchain operating at unprecedented capacity.

Beginning August 26, SOL declined 8.31%, sliding from $110.50 down to approximately $100.40, as reported by crypto analyst Ali Charts.

Even as prices retreated, Solana’s blockchain has generated an average of approximately 9.5 million new wallet addresses daily throughout the previous week. This expansion rate indicates that new participants continue joining the ecosystem rather than exiting during the downturn.

Large holder activity has intensified noticeably. Wallets containing 10,000 SOL or more increased by 1.58%, representing the addition of 52 new whale-tier addresses in just seven days. When substantial holders accumulate positions, it typically reduces the circulating supply available for active trading.

Institutional Investment Maintains Momentum

Institutional participation has demonstrated remarkable consistency. Spot Solana exchange-traded funds in the United States have experienced positive inflows for seven straight weeks. During the latest seven-day period, more than 1.2 million SOL entered these investment vehicles, representing approximately $120 million in value.

Concurrently, the volume of SOL held on cryptocurrency exchanges contracted by 4.91%. Approximately 2.6 million SOL tokens exited exchange platforms throughout the past week, suggesting investors are transferring assets to self-custody solutions or preparing for extended holding periods.

Cryptocurrency analyst CryptosBatman shared on X that SOL has successfully broken free from a significant accumulation pattern, identifying the $83–$85 range as a critical support zone for retesting. According to his analysis, maintaining support in this region could propel SOL toward $150 and potentially higher.

From a technical perspective, $103 represents the crucial support threshold. Approximately 39 million SOL was acquired near this price point, establishing it as a robust zone where buying pressure is expected to materialize.

Should SOL defend the $103 level and gain upward momentum, resistance zones exist around $123 and $132, where roughly 20 million SOL changed hands previously. A decisive breakthrough above both levels could clear the pathway toward $150.

Network Fee Revenue Reaches New Peaks

On the blockchain infrastructure front, Solana’s fee generation climbed to a seven-day average of nearly 9,200 SOL on August 27, representing an increase exceeding 80% compared to three months prior.

Non-vote transactions achieved a record 191 million on a seven-day measurement, up from merely 88 million during the same period last year. Jito validator tips averaged 2,073 SOL daily last week, marking a 26% week-over-week increase.

A significant governance decision was finalized on Friday. The Double Disinflation proposal, designated SGP-0002, passed with 67.001% community approval. This measure doubles the annual disinflation rate from 15% to 30%, eliminating approximately 18.9 million SOL from projected supply calculations over a six-year timeline.

Staking rewards are projected to decline from approximately 5.25% to 2.25% by the third year. Smaller validators dependent on inflation-based revenue may face profitability challenges, though typical users should experience no perceptible impact on network performance or transaction costs.

Non-vote transaction volume on Solana currently stands at an all-time peak of 191 million measured on a seven-day rolling average.

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