Solana News Today: Solana's Price Swings Revealed: Major Investor Faces $2M Loss as Institutions Wager on Expansion
- Solana whale sells 32,195 tokens, incurring $2.04M loss amid market volatility. - Institutional confidence grows as Onfolio secures $300M to build Solana-focused treasury. - South Korean investors snap up Solana-linked ETFs, showing rising retail demand. - Wormhole Labs launches Sunrise gateway to boost Solana’s liquidity and ecosystem. - Solana faces price swings but gains traction with institutional bets and retail adoption.
A large investor recently sold more than 32,000
This whale’s journey with Solana has seen both gains and setbacks. Two years back, the investor bought 400,000
This transaction comes amid broader market shifts that have pushed Solana into a crucial support range. Technical experts point out that SOL’s price has fallen below a year-long upward trendline, settling near $141.79 as of November 20. This has increased bearish sentiment, with spot trading flows staying negative and derivatives data indicating that leveraged traders are pulling back.
Despite recent price drops, institutional interest in Solana remains strong. Onfolio Holdings, a micro-cap firm specializing in online businesses and crypto investments, revealed on November 18 that it secured a $300 million convertible note facility to develop a digital asset treasury. The company intends to allocate 75% of upcoming tranches to
Interest from retail investors in Solana-related products is also increasing. In South Korea, Shinhan Asset Management reported that net purchases of two Solana-based covered call ETFs—the “SOL Palantir Covered Call OTM Bond Hybrid” and “SOL Palantir US Treasury Covered Call Hybrid”—have surpassed 130 billion won since their introduction. These funds, which offer monthly payouts of up to 2.06%, have drawn pension investors seeking steady returns in a low-yield market. This trend points to growing demand for crypto-linked financial products, even as individual tokens experience price volatility
The whale’s recent loss and the broader market context highlight Solana’s dual reality: it is a blockchain with strong appeal to both institutions and individual investors, yet remains susceptible to sharp price changes. As the crypto sector faces regulatory challenges and economic uncertainty, Solana’s continued success will rely on both technological progress and the expansion of its ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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