SOL Wallets Holding Over 10,000 Surge to Record 5,224
Wallets holding more than 10,000 SOL, valued at approximately $2 million, have reached an all-time high of 5,224. This increase indicates heightened whale accumulation, which historically precedes price rallies.
- As of August 12, the number of these wallets surged while SOL's price was around $191.64.
- SOL is currently trading at $197.27, down over 4% in the last 24 hours but up 12% over the past week.
- The current price is 32.92% below its all-time high of $294.33.
- Analyst Ali Martinez suggests this may be a final "buy-the-dip" opportunity before targeting $360.
Price Analysis
SOL has maintained a long-term ascending trendline since early 2025. Key indicators show potential for further upside:
- RSI at 61.47 indicates room for growth.
- MACD remains positive.
A break above $209 could lead to targets of $272.23 and eventually the $320–$360 range.
Future Scenarios
If bullish momentum continues, targets include:
- $272.23
- $320
- $384.99
However, if SOL drops below $185.74, it may retest $167.47, with potential declines towards $154.64 or $141.80. Despite volatility, SOL is considered a strong investment option in 2025.