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Whales are accumulating Solana (SOL) and Pepe (PEPE), what may be the reason?

Source Cryptopolitan

On-chain data shows whales are buying up Solana (SOL), an asset with multiple potential use cases. As the altcoin season intensifies, SOL may become key to additional growth.

On-chain data shows whales are back to accumulating Solana (SOL) in self-custodial wallets. SOL has stabilized around $236.39, with no signs of immediately chasing a new all-time high. Demand for SOL is coming from the decentralized ecosystem, liquid staking projects, and from the potential to adopt SOL after Grayscale filed to transform its Solana investment product into an ETF.

SOL remains one of the key blue chip tokens, a potential entry into multiple trades. Meme tokens are still going strong on Solana, with both Pump.fun activity and secondary trading still attracting liquidity.

Solana ecosystem activity has also achieved more reliable transactions, with up to 63% of all transfers passing, and a failure rate of only 36%. Failed transactions have reached close to 70% in the past, limiting the potential for DeFi usage.

The Solana ecosystem gained attention once again after the listing of Moodeng (MOODENG), the first Pump.fun token to enter Coinbase. Solana’s activity may extend the meme token market. SOL is yet undecided on its narrative, whether it would perform along with the meme space, or follow the lead of ‘dinosaur altcoins’ recently breaking to new record prices.

Four whales withdrew SOL from Binance

A total of four whale transactions were noticed in the past 24 hours, withdrawing 185,510 SOL from Binance. The funds, valued at $42.46M, were sent to four large-scale whale wallets. Some of the whale activity on Solana is considered a sign of smart money moving in, buying the dip and riding the recent trends.

Two of the addresses were simple holders of SOL. The first wallet was a frequent trader, moving coins to the centralized exchange in the past for realizing profits. The second wallet held a larger reserve of 31,333 SOL and serving as an intermediary for outflows. That wallet sent out 6,249 SOL to another intermediary address.

SOL may be used for both simple and liquid staking, as well as lending and DEX liquidity. Solana drew in $9.2B in value after the 2024 market recovery. Holding SOL in a self-custody wallet gives more flexibility for traders. Binance also offers its own BNSOL liquid staking token, but these particular whales wanted full control of their coins.

The next whale wallet belongs to active meme token traders with extensive portfolios. The largest wallet held 46,103.18 SOL and a total of 119 meme tokens. The fourth wallet was used to trade mSOL staking tokens through Jupiter, while retaining a balance of 23,149.88 SOL.

Solana is widely distributed into multiple wallets, though some may be connected. The top 100 rich list includes a burn address, and carries around 40% of all coins and tokens. Out of more than 536M SOL, 1.26M is held as wrapped SOL (WSOL) on the Ethereum ecosystem for trading, DeFi and other tasks.

Whales are actually a rarity on the Solana ecosystem, where the bulk of wallets hold less than 0.01 SOL.

Whales also accumulate Pepe (PEPE)

Whale transactions were also registered for Pepe (PEPE), a relatively older meme coin. After the listing on Coinbase, PEPE held relatively stable near the peak of its range at $0.000020.

The meme token has spent a few weeks at that level, suggesting it may be ready for a breakout. Even with centralized listings, on-chain activity also reflects sentiment for tokens.

One recent holder build up a PEPE stash to qualify for the top 150 of addresses, for now leaving the tokens dormant. Additionally, the Bybit cold wallet, the third-largest holder of PEPE, has become active, sending and receiving coins from the exchange.

PEPE is considered one of the prime candidates to extend the meme super cycle. Meme tokens also boost demand for ETH and SOL as utility tokens and as components of trading pairs. A breakout of PEPE may affect the entire meme ecosystem and continue the rollover of liquidity.

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Author Mitrade

8 hours ago

Bitcoin has dropped back below $88,000 after rolling over from $90,500, with price still trading under the 100-hour Simple Moving Average. The sell-off found a floor at $85,151, and BTC is now consolidating near that base, but rebounds are facing pressure from a bearish trend line around $89,000. Bulls need to retake $88,000–$89,000 to ease downside risk; failure to do so keeps $85,500–$85,000 and then $83,500 in play, with $80,000 as the deeper “line in the sand.” Bitcoin (BTC) is back in damage-control mode after a sharp pullback wiped out recent gains. The price failed to reclaim the $90,000–$90,500 band, rolled over, and slid through $88,500 before briefly dipping under $87,000. Buyers did show up around $85,000, but the rebound so far looks more like stabilization than a clear trend reversal. Bitcoin dips hard, finds a bid near $85,000（h3） BTC’s latest move lower began when it couldn’t build follow-through above $90,000 and $90,500. Once that upside stalled, sellers took control and pushed price down through $88,500. The slide accelerated enough to spike below $87,000, but the market didn’t free-fall. Bulls defended the $85,000 zone, printing a low at $85,151. Since then, Bitcoin has been consolidating below the 23.6% Fibonacci retracement of the drop from the $93,560 swing high to the $85,151 low — a clue that the bounce is still shallow and that sellers haven’t fully backed off yet. Structurally, BTC is still on the back foot: It’s trading below $88,000, and It remains below the 100-hour Simple Moving Average, keeping short-term trend pressure pointed downward. Resistance is layered, and $89,000 is the problem area（h3） If bulls try to turn this into a recovery, they’ll have to climb through multiple ceilings in quick succession. First, BTC faces resistance around $87,150, followed by a more meaningful barrier near $87,500. From there, the market’s attention snaps back to $88,000 — the level BTC just lost and now needs to reclaim. A close back above $88,000 would improve the tone, but it doesn’t solve the bigger issue: there’s a bearish trend line on the hourly BTC/USD chart (Kraken feed) with resistance near $89,000, which also lines up with the next technical hurdle. If BTC can push through $89,000 and hold, the rebound could extend toward $90,000, with follow-through targets at $91,000 and $91,500. But until price clears that $88,000–$89,000 zone, rallies are at risk of being sold rather than chased. If BTC fails to reclaim resistance, the downside path is clear（h3） The near-term bear case is simple: if Bitcoin can’t climb back above the $87,000 area and keep traction, sellers may attempt another leg lower. Support levels line up like this: Immediate support: $85,500 First major support: $85,000 Next support: $83,500 Then $82,500 in the near term Below that, the major “don’t break this” level is still $80,000. If BTC slips under $80,000, the risk of acceleration to the downside increases significantly — not because it’s magic, but because it’s the kind of psychological and structural level that tends to trigger forced de-risking. Indicators: momentum still leans bearish（h3） The intraday indicators aren’t offering much comfort yet: Hourly MACD is losing pace in the bearish zone. Hourly RSI remains below 50, suggesting sellers still have the upper hand on short timeframes. So while the $85,000 defense held for now, the market hasn’t flipped bullish — it’s just stopped bleeding.

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Beginners

Whales are accumulating Solana (SOL) and Pepe (PEPE), what may be the reason?

Four whales withdrew SOL from Binance

Whales also accumulate Pepe (PEPE)

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