Solana Whales: Buying or Manipulating? 🐙💰

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2026 is kicking off with a classic “buy the fear” setup… because who doesn’t love a good panic sell? 😂💸

From a sentiment perspective, the Crypto Fear & Greed Index is just 6 points shy of neutral – a level so neutral, it’s practically a nap in the middle of a hurricane! 🌪️💤

Notably, Solana [SOL] is right at the center of this shift. According to Santiment, whale wallets are actively accumulating, buying 10+ SOL, making Solana one of the “top crypto trends” as 2026 begins. 🐟📈

From a technical perspective, the momentum is clear. After four straight weekly losses, SOL has posted its first weekly gains, jumping by 2.96% following a six-week consolidation. A potential resistance-to-support flip. 🧙‍♂️✨

However, the question remains – Is this accumulation just following the broader market, or is SOL carving its own path? Given that the total market cap rose $50 billion over the week, this makes the question worth asking. 🤔💰

In fact, since peaking in September, Solana has lost three support zones, each raising capitulation risks. In this context, understanding the strategy behind whale accumulation is crucial to decoding SOL’s next moves. 🧩🔍

Is Solana’s long-term value finally being priced in?

The timing of this whale accumulation looks more deliberate than a fluke. 🕵️‍♂️

At a macro level, capital has been rotating back into risk assets. Top-cap cryptocurrencies are moving into the green, and Solana is no exception, with its gains further supported by the total market cap hike. 🚀📈

In essence, whales are clearly buying the “crypto dip.” However, volatility is far from over. A hike in Bitcoin’s [BTC] Open Interest indicated that the ongoing rally could face short-term pressure. And, this may put Solana’s run at risk. ⚠️🌪️

However, Solana’s on-chain momentum revealed a clear divergence at press time. 📉↑

According to the attached chart, Solana’s RWA ecosystem pushed to a new all-time high of $873 million in value. That’s not all either as on the DeFi side, Solana’s TVL climbed by 11.8% in just 24 hours. 🎉💰

Taken together, this may be a sign of growing long-term positioning. SOL is being rotated into income-generating sectors, indicative of strategic accumulation that might be more fundamental rather than speculative. 🧠💼

In short, SOL is carving its own path, quietly setting the base for 2026. 🚀

Final Thoughts

  • Solana is seeing strong whale purchases, despite broader volatility risks. 🌩️
  • Record RWA growth and a hike in TVL suggested that capital is rotating into use cases, supporting the case for fundamentally driven accumulation into 2026. 📈

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2026-01-02 19:32