Analysis Crypto by Thebittimes.Com

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Solana (SOL) is currently experiencing aggressive whale accumulation, an on-chain development that suggests the possibility of a price breakout. Specifically, the number of addresses holding 10,000 or more SOL stood at 4,943 on April 11, 2025, and climbed to 5,019 by April 18, according to data from on-chain cryptocurrency analytics platform Glassnode. During the same period, SOL’s price rose from $121.44 to $134.02, signaling growing investor confidence. Addresses with a balance of over 10k SOL. Source: Glassnode Why SOL whale activity matters  This accumulation is notable, especially considering the decentralized finance (DeFi) token has been trading within a consolidation range of $100 to $150 over the past month. Historically, whale purchases have often preceded strong rallies in the crypto market. When large holders begin accumulating aggressively, it typically signals expectations of bullish developments or favorable market conditions. Their actio...