Surge in Solana Whale Transactions: $836M in SOL Transferred to Binance, $54M to Coinbase

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 23 2025

Whale Activity and Market Sentiment: Solana has seen significant whale activity, with over 2.5 million SOL transferred to Binance, raising concerns about potential sell-offs, while $54 million moved to Coinbase Institutional suggests strategic repositioning.
Support and Price Stability: The price of Solana is consolidating above the $214–$220 support zone, which is crucial for maintaining upward momentum; a breakdown could lead to increased volatility, while holding above this level may push prices toward $260.
User Activity Decline: There has been a notable decline in Solana's Daily Active Addresses, dropping nearly 27%, which may indicate waning interest and could negatively impact transaction volumes and ecosystem growth.
Future Outlook: The ongoing whale activity and market volatility will heavily influence Solana's price direction, with traders closely monitoring the critical support zone to gauge potential rebounds or further declines.

About the author

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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.