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Solana Tops $200 as Whale Sales Surge and Institutional Deals Multiply

Traders are assessing whether the recent breakthrough can hold as heavy whale transfers plus an Alameda Research unstake reshape market dynamics

SOL’s $170 support meets $35M Alameda unstake! Here's what you can’t ignore about Solana
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Overview

  • Solana broke above the $200 threshold this week, reaching intraday highs near $205 and lifting its market capitalization above $108 billion.
  • On-chain analytics show three whale wallets moved more than 226,000 SOL to exchanges in recent days, with one wallet cutting its stake by 71%.
  • Arkham Intelligence data reveals an Alameda Research account unstaked about $35 million in SOL that had been locked since late 2020.
  • Significant institutional and tokenization initiatives include Upexi’s appointment of Arthur Hayes, CMB International’s Hong KongSingapore fund tokenization on Solana, and OSL HK’s rollout of retail SOL trading.
  • Technical analysts identify $200 as a new support level, flag $170 as critical for bullish structure, and view a sustained break above $206 as the next trigger for further gains.