The market state of Solana (SOL) in May 2025 shows significant growth, driven by both large financial movements and increasing interest in meme coins.
Whale Activity and Short-Term Outlook
On-chain data reveals movements from large Solana holders, which may influence trader sentiment. Notably, FTX/Alameda recently unstaked 187,625 SOL worth $32.24 million, while still retaining 5.2 million SOL, approximately $913.5 million.
Meme Coin Surge and Its Impact on Solana
The growing interest in meme coins has doubled the value of the Solana ecosystem, serving as an additional factor for price increases and attractiveness among investors.
Projected Price Levels for Solana
Expectations around potential ETF decisions and positive technical indicators suggest that $190-$200 may be key levels for Solana in the coming days.
Thus, whale activity and the surge in meme coin interest create favorable conditions for further price increases of Solana, making it one of the key cryptocurrencies in the market.
