Solana News Today: Whale's $29 million bet boosts Solana bullish
Source: CoinWorld
Time: 2025-09-08 02:00:39
A whale invested $29 million to go long Solana (SOL), deposited $14.53 million in USDC into Hyperliquid, and purchased 143,126 SOLs with 2x leverage. SOL is trading close to $202, supported by an upward channel, with key levels at $188 (support) and $218 (resistance). Analysts noted that if the momentum continues, the potential target is $229 or $263, but warned that a break below $188 could trigger a pullback. Futures data show that 85% of long positions indicate market optimism, but if market sentiment changes, it may face a sharp pullback.