SOL Breakout Point: Whale Makes Major Transfer as ETFs Hit $655M Milestone

SOL jumped 4% as Solana ETFs logged $16.6 million in fresh inflow on December 9, pushing their total inflow to $655 million.

Parth Dubey By Parth Dubey Julia Sakovich Editor Julia Sakovich Updated 3 mins read
SOL Breakout Point: Whale Makes Major Transfer as ETFs Hit $655M Milestone

Key Notes

  • SOL climbed 4% on December 10 with a sharp rise in trading volume.
  • Whale wallet withdraws 200,001 SOL from Binance.
  • Solana ETFs added $16.6 million in inflow on December 9, reaching $655 million in total inflow.

Solana SOL $136.7 24h volatility: 4.7% Market cap: $76.78 B Vol. 24h: $5.48 B has recorded a 4% rally on Dec. 10 with a 35% rise in its daily trading volume. However, analysts believe that it could just be the start of a bigger breakout as whale activity rises.

On-chain data shows that a new wallet recently pulled 200,001 SOL worth $27.87M from Binance. This is a sign of growing whale interest and long-term demand for the cryptocurrency.

Meanwhile, the US spot Solana ETFs also saw a rise in activity. On Dec. 9, these funds received $16.6 million in cumulative inflow, with total inflows reaching $655 million. Bitwise Invest’s BSOL led these inflows and crossed the $600 million inflow mark.

Liquidity Cycle Nears a Reset

Notably, Solana’s Realized Profit to Loss Ratio (based on 30-day MA) has stayed below 1 since mid November. This usually appears in heavy downturns and suggests that holders are in more losses than gains.

Current readings suggest that SOL is entering a fresh liquidity cycle. During this phase, forced selling reduces and the market gradually clears out weak positions, according to Glassnode.

In past cycles, once liquidity turned upward, the price entered multi week climbs. A similar setup occurred in April when SOL dropped to as low as $106 before climbing 80% the next month.

If the current pattern follows a similar path, the next strong move may take around four more weeks, according to Altcoin Vector. Several analysts believe this could help SOL surge past $200.

A Potential SOL Price Breakout

Meanwhile, analyst Ali Martinez noted on X that Solana’s perpetual contract chart has stayed inside a horizontal range since mid November. He noted that Ethereum had shown the same structure but broke above the channel during a recent jump.

Martinez expects Solana to attempt a similar bullish move soon. He has set an immediate price target of $150 for the seventh largest cryptocurrency.

At the time of writing, SOL is trading around $138, down over 17% in the past month. The leading crypto token reached a peak of $294 in January and many traders are eyeing a strong push to that region before year-end.

SUBBD Gains Momentum Amid Fresh Altseason Hopes

As SOL climbs and traders watch for a wider altcoin rally, a newer project, Subbd (SUBBD), is drawing attention in the digital subscription space. The platform already works with more than 2,000 influencers whose combined audience exceeds 250 million across major social channels.

Subbd uses Web3 and AI tools to help creators share their content and earn from it through automated systems. Fans can join for customized content and special moments that bring them closer to the creators they follow.

The Subbd platform uses its Ethereum based token, SUBBD, to support premium features. Fans who hold SUBBD gain access to private clips and early content releases. They also enjoy lower subscription prices and passive rewards paid in SUBBD.

Holders who stake the token can receive extras such as private livestreams, limited releases, and creator updates that are not shared widely. SUBBD is used across the platform for creator benefits, staking yields, and various AI driven functions.

The project’s crypto presale has raised over $1.38 million so far. The team has set the current price of $0.05715 for SUBBD. It is planning a surge in token’s value as the launch date draws near.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Solana (SOL) News, Market News
Parth Dubey

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

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