Solana Whale Activity Drives Open Interest Surge
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Apr 20 2025Whale Activity and Institutional Interest: Solana (SOL) saw a 10% increase in open interest due to significant whale transactions, the launch of a meme token endorsed by Donald Trump, and rising institutional participation, including a notable purchase of 80,567 SOL.
Market Impact and Future Outlook: Following these developments, Solana's price surged from $118.12 to $134.72 within a week, indicating strong market speculation and confidence in Solana's ecosystem, supported by regulatory changes like Canadian ETFs.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
