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 Kong–Singapore 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.