Solana Whales Move $1.3 Billion SOL as ETF Approval Odds Reach 91%

Over $1.3 billion worth of SOL has been moved between unidentified wallets in just a few hours, drawing attention back to Solana. The surge in activity comes as prediction markets now place a 90% chance on the approval of a Solana ETF. Though the purpose of the transfers is uncertain, the timing suggests increased market anticipation and possible institutional involvement.

Whale Activity Suggests Strategic Moves Behind the Scenes

Whale activity on the Solana network has caught the attention of analysts after three large and nearly identical transactions were detected. Each transfer involved about 3 million SOL, valued at over $430 million. Their timing, just minutes apart, raises questions about coordination and intent rather than simple rebalancing.

No known exchange or public custody wallet has been identified as the sender or recipient, making routine exchange activity unlikely. Analysts suggest this may be a form of strategic repositioning, possibly in response to upcoming regulatory or structural changes in how Solana is stored or accessed.

Such coordinated whale movements are typically deliberate. This kind of activity often signals preparation, whether for institutional adoption, staking, or moving funds into safer storage. A few traders have noted that a similar pattern of coordinated transfers happened just before the BlackRock Bitcoin ETF was approved.

Growing Confidence Around Solana ETF Fuels Optimism

At the same time, prediction platform Polymarket has seen a striking change. The odds of a Solana ETF being approved by the end of 2025 have surged from 74% to 90%, with more than $178,000 in trading volume. This isn’t just retail speculation; it signals a significant bet on Solana’s potential entry into traditional financial markets.

ETFs have already transformed how investors access Bitcoin and Ethereum this year. A Solana ETF could do the same, offering exposure to pension funds, asset managers, and retail investors who avoid crypto wallets or exchanges.

While no formal application for a Solana ETF has been publicly acknowledged by the SEC or major asset managers yet, rising confidence suggests that one could be in development. Analysts have noted that Solana’s high throughput, relatively low fees, and growing developer ecosystem make it a natural candidate for the next wave of institutional crypto products.

Data Suggests Accumulation Rather Than Liquidation

What makes the current situation especially compelling is the absence of sell pressure. Despite the $1.3 billion moved, Solana’s price has remained relatively stable as it is trading around $142, with just a 2.7% decrease on the day. Volume, however, has risen, but only by 1%, suggesting little panic selling.

That supports the idea that this isn’t a liquidation event. Instead, it's more consistent with cold wallet migration, custody consolidation, or preparation for staking strategy shifts. The structure of the transfers, split into nearly identical amounts, further aligns with institutional-grade handling.

This wouldn’t be the first time major funds have quietly accumulated an asset ahead of a regulatory green light. If Solana’s ETF odds keep climbing, and if actual filings begin to surface, this could be remembered as a period of strategic positioning, rather than post-rally FOMO.

Solana’s Outlook Reflects Careful Optimism

The recent movement of SOL between anonymous wallets, combined with a sharp rise in Solana ETF approval odds, highlights growing market interest and potential institutional involvement.

While the exact reasons for these transfers remain unclear, the pattern suggests deliberate preparation rather than panic or liquidation. As confidence around a Solana ETF continues to build, these strategic shifts may signal early positioning ahead of significant regulatory or market developments.