Solana Price Surge Driven by Whales and Institutions

Solana's recent price surge has been driven by increasing demand from whales and institutions, leading to a surge in trading volume.

A crypto whale purchased 67,648 Solana worth $6.23 million, while U.S. spot SOL ETFs recorded inflows of $6.23 million, indicating growing institutional interest in the cryptocurrency.

The daily chart on TradingView shows that Solana is approaching a key resistance level of $97.40, which has historically triggered price reversals.