Solana Surges 25% Amid $105M Whale Transfer and ETF Buzz

A massive Solana (SOL) transaction has caught the crypto market’s attention, with over $105 million worth of SOL moved between unknown wallets in just minutes. According to Whale Alert, 790,427 SOL—valued at $105,406,581—was transferred anonymously, sparking speculation about its purpose and potential market implications.

The timing of this transfer coincides with a strong rally in Solana’s price, which has climbed 25% in the past seven days. At the time of writing, SOL is trading at $133.12, marking a 5% increase in the last 24 hours alone. This upward trend has been supported by rising social media chatter and growing investor interest.

Data from Nansen highlights Solana’s increasing network activity, reporting 355.9 million transactions over the past week—more than any other blockchain. This surge in usage underscores Solana’s expanding role in the crypto ecosystem.

Adding to the bullish sentiment, Bloomberg’s ETF analyst Eric Balchunas revealed that Canadian regulators have approved spot Solana ETFs from major issuers like Purpose, Evolve, CI, and 3iQ, potentially launching this week. This development could open the door for broader institutional adoption.

Furthermore, Solana recently activated Confidential Balances on its mainnet—zero-knowledge-powered encrypted token extensions aimed at enhancing financial privacy and regulatory compliance for institutions.

Solana’s combination of strong price action, massive whale movement, and key product launches is fueling renewed momentum. As market sentiment turns increasingly positive, SOL’s current rally could signal the start of another breakout phase for the high-performance blockchain.