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6h ago

Solana Rebounds Toward $200 as Whales Build Positions Before ETF Ruling

An SEC ruling expected Oct. 16 is guiding focus to the $170 floor versus resistance near $205–$235.

Solana price reclaims $200 on whale led rebound, will recovery hold?
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Overview

  • Solana is hovering around $195–$200 after a swift bounce from last week’s lows in the high $170s and a brief reclaim of the $200 handle.
  • Exchange data show about $169 million in SOL moved off trading platforms, pointing to accumulation by large holders and treasury buyers.
  • On-chain activity remains strong as Solana surpassed Ethereum in 24‑hour DEX volume and its stablecoin supply reached roughly $17.5 billion.
  • CME says more than 540,000 CFTC‑regulated SOL options contracts have traded since March, expanding institutional liquidity and hedging capacity.
  • Traders are positioning for the Oct. 16 spot‑ETF decision and watching whether $170 holds or a push through $205–$235 reasserts bullish momentum amid macro‑driven volatility.