Recent significant events took place in the Solana market, where a major asset holder returned after two years, and an important network upgrade was approved.
Solana Whale Activity
On September 3, a large Solana holder resumed activity by selling 50,000 SOL at an average price of $203.4, totaling $10.17 million. This wallet was active two years ago when SOL was valued at just $24.6. The sale demonstrated a gain of more than 727%.
Approval of Solana Upgrade
The Solana validator community approved a significant network upgrade called 'Alpenglow,' receiving support from over 98% of voters. This upgrade is the most significant since the network's launch, reducing transaction latency and increasing scalability by 100 times. Analysts believe it will enable Solana to handle growing user volumes in finance, gaming, and other applications more effectively.
Solana's Path Toward $300
Following the whale activity and upgrade approval, Solana’s price rose above $207. Traders began discussing the possibility of testing the $300 mark. Analysts noted a long-term cup-and-handle pattern on charts. Support appears to be firm at $190, with deeper support at $148 indicating buyer interest.
In recent days, Solana has attracted traders' attention due to significant market changes and important network upgrades. Analysts are evaluating SOL's ability to reach new price targets, while the activity of large holders could influence the overall market dynamics.
