Why Is SOL Going Up Today? Whale Moves Fuel Solana Price Prediction

Something unusual just happened with one of the well known altcoin—$23M in $SOL vanished from exchanges in the past 24 hours. Whales are moving silently, charts are heating up, and a bold Solana price prediction $500K is back in town. Is this a hint at a major breakout? A bigger move may be closer than anyone expects, so let’ s break it down.

Whales Move $23M Today: Start of $SOL Price Explosion?

According to Lookonchain, several large wallets have just withdrawn over $23 million worth of SOL crypto from exchanges like Binance and Kraken.

• Wallet 7VbjYZ pulled 58,700 SOL ($11M) from Binance.

• BnwZvG took out 38,000 SOL ($7.3M).

• Two others, 2AbHLS and KMhcqN, withdrew $2.8M and $2.25M worth of coins respectively.

Source: Lookonchain

When this kind of whale activity takes place, it often means traders intend to hold instead of selling. This reduces immediate selling pressure and signals bullish sentiment, exactly what seems to be happening now.

Why Is Solana Going Up Today ? 3 Major Reasons Behind Surge

At the time of writing, it is trading at $190.36, up 2.41% in 24 hours, with a 24-hour volume of $6.91B (+93.1%) and a market cap of $102.37B according to CoinMarketCap data.

Here are the reasons behind price surge today:

1. Whale Accumulation: In the latest Solana news today , the massive $23M off-exchange withdrawals from different accounts are a sign of trust from big holders.

2. Technical Breakout: As per the chart analysis, it is smashing past $190 resistance and threatening a breakout above $200. Its support lies at $185.

A well-known analyst, RJT. WAGMI recently posted on X,

“After months in a clear downtrend, it finally broke its trendline and rallied over 40%. Most have underestimated its potential. In this bull run, a move 20–30% above its all-time high is on the table.”

This double-combo of on-chain signals, and technical strength is pushing Solana price prediction today to hit %500K soon.

Solana Price Chart Signals More Gains: What RSI and MACD Reveal

On the TradingView daily chart (Binance), technical indicators are aligning with bullish patterns.

• RSI is at 62.78, just below the overbought zone (70). This suggests there’s still room to run before a correction.

• MACD is also bullish showing continued momentum above the signal line 8.89.

• Positive histogram confirms growing momentum.

This structure shows higher highs and higher lows, with a clear path toward a bullish SOL price target, if the altcoin holds above the $185–$190 range.

Will Solana Hit $500K? Price Prediction and Realistic $SOL Targets

While Solana price prediction $500K is symbolic exaggeration, many analysts do believe that it is realistic in this 2025 bull cycle.

Short Term Target: If it breaks $200 with strong volume, a rally to $220 is likely.

Mid Term Target: It is supposed to hit $280 – $320, driven by whale accumulation, ecosystem growth, and altcoin rotation.

Long Term Expectation: $350 – $500, As a crypto analyst, I believe whale confidence and rising developer activity on this token are serious signs of long-term strength.

If Ethereum and Bitcoin hit their highs, this altcoin could ride the wave — and yes, $500 isn’t off the table by the end of 2025.