Solana Whale Bags 195K SOL Amid Market Dip: Can Price Hit $150 Ahead?

Coingapestaff
March 11, 2025
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Why Solana Price is Falling Suddenly?

Highlights

  • Solana whale causes market stir by accumulating 195K coins amid price dip.
  • Solana staking chronicle adds to optimism about SOL price's future movements.
  • Although Solana faces a downtrend, renowned traders forecast a highly bullish outlook for the token.

A Solana whale rattled the crypto sector on Tuesday, heavily accumulating SOL amid a broader market dip. On-chain whale data signaled that a whopping 195,000 coins were sacked from crypto exchange giants as SOL price slammed around $120. As an upshot, bullish market sentiments orbiting the sixth-largest coin by market cap surfaced among traders and investors, with a potential $150 target next.

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Solana Whale’s Trade Move Stirs Market Optimism

According to Lookonchain data on March 11, a Solana whale withdrew 195,000 coins from crypto exchange behemoths recently. Per the whale data, $23.2 million worth of coins were bought from top CEXs Bybit, OKX, and Gateio in the past 24 hours.

This massive accumulation by a large-scale trader amid an ongoing market slump reflected strong confidence in the asset’s potential ahead. As a result, broader market sentiments reflect optimism about the asset’s long-term price prospects.

Solana Whale’s ‘Buy-The-Dip’ Plan

Notably, the broader crypto market currently faces immense pressure due to macro fears. Soon after Donald Trump’s new tariff saga, the chances of a recession in the U.S. rose to 40%. In turn, risk assets encountered a panic-stricken investor sentiment globally.

Bitcoin price lost $80K, even touching a $76K multi-month low this Tuesday. Altcoins, including SOL, mirrored the broader slumping trajectory. However, the Solana whale’s decision to capitalize on the dip indicated a ‘buy-the-dip’ strategy, setting off optimistic waves among investors as it signals a recovery lies ahead.

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Rising Staking Fuels More Optimism

Simultaneously, an X post by Onchain Lens on March 11 revealed that ‘Cumberland DRW’ staked 48,182 SOL, worth $5.72 million, recently. Coupled with the massive SOL whale accumulation, this data garners additional optimism, underscoring reduced token supply on exchanges.

Overall, the whale data and staking saga reflected rising market interest in the asset’s potential, paving a bullish road for price.

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Can SOL Price Recover To Hit $150?

As of press time, SOL price cracked slightly over 3% and exchanged hands at $123. The coin bottomed and peaked at $113.19 and $131.24 in the past 24 hours. Crypto market watchers anticipate a rising action ahead amid increased buying for the asset.

Simultaneously, renowned market trader ‘Coinvo’ took to X, stating Solana is going to explode ahead. The trader cites a historical pattern, signaling that a bull run awaits as the coin mirrors its 2021 trend.

Solana price trend
Source: Coinvo, X

On the other hand, Bitcoin OG ‘Lucky’ took to X, revealing that a tiny market movement could fuel SOL to above $150. The coin currently sees a strong demand zone between the $110-$127 range, per the analyst. Altogether, when coupled with the massive Solana whale accumulations, the odds of these bullish projections gained significant weight.

Solana price analysis amid whale accumulation
Source: Lucky, X
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.