Whale buys 76,856 SOL worth $8 million from Hyperliquid

  • Whale bought 76,856 SOL worth $8 million from Hyperliquid after eight months dormant
  • SOL traded near $105 after falling from $110 to a $102 low
  • Solana spot netflow stood near negative $4.5 million as outflows increased

Solana fell from $110 to $102 before recovering to about $105, up 1.4% on the day and 13% over the week, as broader market activity weakened. Altcoin trading volume declined 64% to $1.8 billion, while $471.85 million flowed out of the Futures market against $456 million of inflows over 12 hours. Amid the slowdown, an unidentified whale returned after eight months of dormancy and bought 76,856 SOL worth $8 million from Hyperliquid. Lookonchain also reported two whales purchasing $33.5 million of SOL a day earlier. Solana spot ETFs had previously recorded $138 million in net inflows, while spot netflows later turned negative at about $4.5 million, indicating greater exchange outflows. Positive directional indicators and the Bull-Bear Ratio showed continued bullish pressure, although persistent derivatives selling could extend sideways trading.

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