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Solana withstands $60.5M whale sell-off, showing strong demand and liquidity ahead of Q4.

Market News
28 Sep 2026
AMBCrypto
View Source
Bullish
Solana withstands $60.5M whale sell-off, showing strong demand and liquidity ahead of Q4.

A large transfer of 500,000 SOL worth about $60.5 million to Binance did not significantly impact Solana's price, which remained stable around $120. Meanwhile, whale long positions and Solana ETFs have surged, indicating growing bullish interest. Increased global liquidity and a rise in Solana's stablecoin supply suggest more capital is flowing into the network, potentially supporting a price breakout above $120 in Q4. This strong liquidity and demand setup position Solana for a possible bullish rally in the coming quarter.

Solana trades at Rp2.121.566 on Pluang, down 2.84% as of Sep 28, 2026 22:13 WIB, with a market cap of Rp1.258,54 trillion and a 24-hour volume of Rp67,24 trillion. Despite the recent large transfer to Binance and growing bullish interest noted in the article, Pluang order activity shows a majority of 71% Sell versus 29% Buy. The typical hold time of 70 days suggests moderate-term investor engagement amid current price fluctuations.

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