Solana news this week highlights growing tension between falling prices and quiet accumulation by large investors. SOL ended another bearish week, sliding back to a support zone last tested six months ago. Although the price action reflects weak short-term demand, on-chain data suggests that whales may be positioning themselves for a potential rebound.
Despite the prolonged consolidation, recent metrics reveal that large holders are actively engaging with the market, particularly at these lower price levels.
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Whale Activity Signals Dip Buying at Key Support
According to the latest Solana news, whale wallets have been taking advantage of SOL’s recent pullback. Large order book data shows that high-value traders accumulated significant positions during the last three days of sideways price action.
Graph Source: TradingView
Since Friday, whales collectively purchased more than $14 million worth of SOL across major exchanges including Coinbase, Binance, and OKX. At the same time, these traders opened long positions totaling over $284 million, indicating a willingness to test market sentiment near long-term support.
While this activity does not confirm a strong bullish reversal, it does suggest that whales remain confident enough to accumulate during periods of uncertainty. Notably, this accumulation occurred while SOL hovered around its 6-month low, a level that has historically attracted strategic buying interest.
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Price Consolidation Reflects Weak Short-Term Demand
SOL price movement remains constrained within a narrow range, largely influenced by macroeconomic uncertainty and cautious investor behavior. Over the past three weeks, the token has struggled to build momentum, reinforcing the ongoing consolidation phase.
Technical indicators also reflect this subdued demand. The Relative Strength Index (RSI) failed to reclaim the 50 level during the recent pullback, suggesting that buyers lack the strength needed to push prices higher in the short term. As a result, near-term price action continues to be driven by sentiment rather than strong inflows.
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Solana Stablecoin Supply Hits a New Record
While SOL price performance has remained muted, the broader Solana ecosystem is showing signs of growth. One of the most notable developments in recent Solana news is the surge in stablecoin supply on the network.
The total stablecoin market capitalization on Solana climbed to $16.44 billion, marking a new all-time high. This sustained increase signals that liquidity continues to flow into the ecosystem, even as price volatility weighs on SOL itself.
A rising stablecoin supply often indicates that investors are preparing to deploy capital, either through trading, DeFi participation, or on-chain activity. This trend supports the idea that confidence in the Solana network remains intact despite recent price weakness.
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Network Activity Holds Steady Amid Market Cooling
Beyond stablecoins, Solana’s network usage has shown resilience. Over the past seven days, the blockchain recorded approximately 15.65 million active addresses. This level of activity has remained largely unchanged over the last four weeks, suggesting that network engagement has stabilized after cooling from elevated levels seen in Q2 2025.
Solana continues to outperform Ethereum in transaction volume by a wide margin. Recent figures indicate that Solana processed nearly 48 times more transactions than Ethereum, reinforcing its position as one of the most actively used blockchains in the market.
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Net Flows Drop to Early October Levels
Despite healthy stablecoin growth, Solana’s net flows provide a more cautious view of capital movement. Between December 8 and December 14, net flows fell to around $111.9 million, a significant decline from earlier highs.
For comparison, weekly net flows peaked at $331 million between October 6 and October 12, marking the strongest inflows in the second half of 2025. Since then, declining net flows suggest reduced value transfer between Solana and other networks.
Net flows typically rise during bullish periods or when market confidence is high. The recent downturn reflects a more risk-averse environment, where investors appear hesitant to aggressively move capital across ecosystems.
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Final Outlook
Solana’s current market structure presents a mixed picture. While SOL price remains under pressure near a 6-month low, whale accumulation, record-high stablecoin supply, and steady network activity suggest that underlying interest in the ecosystem remains strong.
The cooling net flows point to caution rather than capitulation, indicating that market participants are waiting for clearer signals before committing fresh capital. If macro conditions improve and demand returns, the groundwork laid during this accumulation phase could support a stronger recovery for SOL in the coming weeks.
