After several days of a downward trend in the price of Solana, the altcoin flipped into bullish territory, as it targets the pivotal $200 threshold. During this period of negative price action, investors’ interest in the leading altcoin seems to have increased sharply, leading to their massive BTC buys.

Whales Are Quietly Accumulating SOL

Even with the recent decline in price, a bullish sentiment and action have been observed among key Solana investors. From the report from Solana Sensei, a market expert and OG Investor, it can be seen that large investors, also known as whales, are making bold moves in the midst of market volatility.

In the report shared on the social media platform X, the expert highlighted that whales are heavily loading up on SOL, which has triggered questions of an impending rally in SOL’s price. This renewed strong wave of accumulation from large investors is being carried out at a discount.

Such a development signals a resurgence of the confidence and interest of investors in the altcoin’s ongoing price action and its long-term potential. As the network continues to show resilience, scalability, and expanding domination across decentralized applications and DeFi activities, deep-pocketed investors’ renewed confidence highlights their growing belief in Solana’s long-term potential.