Solana Price Targets 100% Increase as Whale Activity Intensifies

Solana [NC] has gained 34% over the past month, nearing a breakout above $250. Analysts suggest this could lead to further bullish activity, potentially doubling the price to $500. Whale activities and increased corporate treasuries may support this rise.

Key Insights

Solana's price is forming a cup-and-handle pattern, with $250 as strong resistance. A breakout could push the price to $500.
Analyst CryptoPatel predicts a potential target of $1,000 for Solana, indicating a possible 300% gain during an expected bull run in 2026.
Arkham Intelligence reports that whale wallet HsYrgw has accumulated 11,233 SOL worth approximately $2.75 million after withdrawing 101,974 SOL ($16 million) from an exchange.
Solana corporate treasuries have surged to $4.3 billion, with companies holding around 17 million SOL (3% of total supply). Forward Industries holds over 6.8 million SOL, valued at about $1.61 billion.
Other firms like Sharps Technology and DeFi Dev Corp. also hold significant amounts. Pantera Capital disclosed $1.1 billion in SOL holdings.

WEPE and Market Movement

Meme coin Wall Street Pepe (WEPE), inspired by the Pepe meme and trading energy of "The Wolf of Wall Street," is gaining attention amid Solana's potential breakout.
WEPE offers a private Alpha Chat for trading strategies and uses a cross-chain mechanism to reduce supply volatility between Solana and Ethereum.