Whale Wallet Acquires $16.55M in SOL

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 20 2026

Explore Agentic TradingLet AI Trade for You

Large Acquisition Event: A whale wallet has spent $16.55 million to acquire 234,898 SOL, indicating a strong accumulation intent towards Solana, which could influence market sentiment and attract more investor attention.
Funding Source: The transaction utilized USDC as the funding source, suggesting a stablecoin-to-SOL rotation that may reflect growing confidence in SOL, particularly in the context of liquidity shifts between stablecoins and crypto assets.
Evidence Source Limitations: Currently, the only external evidence for the transaction is a single tweet from Lookonchain, lacking detailed records from a blockchain explorer, which limits in-depth analysis of the transaction's background and may affect market trust in the trade.
Increased Market Attention: Such a large-scale SOL acquisition has drawn parallels to similar market attention seen with Grant Cardone's Bitcoin plans and Morgan Stanley's Bitcoin ETF purchases, highlighting the activity and potential influence of large investors in the crypto market.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like SOL with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for SOL

Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Solana (SOL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	54.083	59.061	65.043	70.021	76.003	80.981	86.963
Fibonacci	59.061	63.248	65.835	70.021	74.208	76.795	80.981

About SOL

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.To learn more about this project, check out our deep dive of Solana.The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

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.

Let AI Trade for You

Auto Trading Task on SOL?

Get Started Free