Solana rises above $90 on whale buying and ETF inflows, signaling renewed investor interest.

Solana's price surged above $90, reaching around $93.71 on May 9, driven by large whale accumulation and fresh inflows into U.S.-listed Solana ETFs. This rally reflects growing risk appetite for large-cap altcoins amid selective market liquidity rotation. On-chain activity and institutional signals, including a reactivated dormant wallet buying over $6 million in SOL and $6.23 million ETF inflows, support the bullish outlook. Technical analysis shows a breakout from a bearish pattern, with key support at $90–$93 and resistance near $97.40. Continued strength could push Solana toward $100 or higher, while ecosystem growth initiatives and stablecoin demand add fundamental support. However, some caution remains due to slight declines in DeFi value locked and mixed market sentiment.