Solana’s price fell 4% in 48 hours to $225 on Friday, decoupling it from the broader altcoin market resurgence. The $3 billion drop in SOL market cap coincided with the latest crypto acquisition by President Trump-backed WLFI, which turned investor attention to the Ethereum ecosystem. The average balance of purchasing addresses increased from 383 SOL to 1,096 SOL, indicating a 186% increase in demand for Solana Whale over the past three days.
Solana’s price fell 4% in 48 hours to $225 on Friday, decoupling it from the broader altcoin market resurgence. While the latest cryptocurrency acquisition by President Trump-backed WLFI has focused retail mass market attention on the Ethereum ecosystem, on-chain data shows that Solana Whale’s push buying is on the rise.
Solana price falls 4% as traders shift focus to ETH, LINK, AAVE due to President Trump's recent purchases
Following a slow start to the week, a spike in inflation as reported by the US CPI triggered a rally in crypto markets on Wednesday.
But while Bitcoin, Ethereum, XRP and others have rebounded above key psychological support, Solana, the fourth-largest crypto asset, has struggled to gain traction.
A recent acquisition by World Liberty Financial (WLFI), a cryptocurrency company backed by US President-elect Donald Trump, has temporarily focused investor attention on the Ethereum ecosystem, according to a recent market report. Solana is said to have lost nearly $3 billion in market capitalization.
Solana price trend vs TOTAL3 (total altcoin market capitalization)
On December 11th, WLFI acquired millions of worth of ETH, Chainlink, and AAVE, with all three Ethereum-hosted assets posting double-digit gains in the past 48 hours.
Meanwhile, the chart above shows that while the global altcoin market rose 10%, Solana price fell 4.6% on Wednesday, reaching a level of $224 at the time of writing on Friday.
This supports the position that President Trump's indirect support for the Ethereum ecosystem may have influenced the retail mass market to shift capital away from its biggest rival, Layer 1 chain Solana. It is.
Demand for whales surges 186% as SOL prices drop
SOL price has fallen 4.6% in the past 48 hours, decoupling it from the broader altcoin market rally.
However, key on-chain indicators indicate that Solan Whale is taking advantage of the price drop to buy a dip, and this move could trigger a bullish reversal in the coming days.
The Hellomoon chart below tracks the balances held in wallets that have taken SOL over the past week. This serves as a proxy for measuring real-time changes in whale trading activity.
Solana (SOL) Average balance of purchase address | Source: Hello Moon
The graph above shows how the average balance of purchasing addresses increased from 383 SOL on Tuesday to 1,096 SOL on Thursday.
This represents a 186% increase in demand from large investors over the past three days and reflects growing expectations for a bullish reversal.
When large holders buy during market declines, the resulting increase in market liquidity allows panicked sellers to exit with minimal downward pressure on prices.
This could help SOL maintain a relatively high support level while the bulls rally for the next rebound phase.
Solana Price Prediction: Closing price above $230 could trigger a rebound
Solana (SOL) price is showing signs of stabilization and technical indicators point to a possible rebound if it breaks through a key resistance level.
The RSI remains neutral at 48.36, indicating that the bears are not in full control of the market.
This suggests a possible recovery if momentum shifts in the bulls' favor. The Donchian Channel (DC) midline at $231 serves as an immediate resistance level.
A decisive close above this level could signal a resurgence of buying activity and set the stage for a broader recovery.
Solana price prediction
If SOL manages to break above $231, the next target lies at the upper DC band at $259.
This move is likely to attract strategic traders looking for entry opportunities at current levels.
However, failure to sustain above $230 could invalidate this bullish outlook.
On the downside, strong support is seen at $203, and a decline below this level could prompt further correction.
Volume trends suggest caution as significant buying pressure has yet to emerge to offset the bearish momentum.
Strategic traders should closely monitor these levels to confirm a trend reversal.
