A smart whale bought $3.6 million SOL again after being dormant for over two years

Source: PANews2026/08/18 10:28

Analysis

This report from Lookonchain monitoring reveals that a Solana whale wallet, dormant for over two years, has resumed activity by purchasing 47,535 SOL worth approximately $3.6 million. The wallet's historical trading pattern shows it previously bottom-fished SOL in August and October 2023 at an average price of $23.37, then sold a significant portion during the subsequent rally at an average of $128.36, realizing over $20 million in profit. This re-entry by a historically successful trader could signal renewed confidence in SOL's current valuation, though it remains a single data point rather than a definitive market signal. The whale's remaining holdings and whether this purchase marks the start of a larger accumulation phase are key developments to monitor. Observers will also watch whether other large holders follow similar re-entry patterns and how this activity correlates with broader Solana network fundamentals and market sentiment.

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PANews reported on August 18, according to Lookonchain monitoring, smart Solana whale GvHYQQ bought 47,535 SOL ($3.6 million) after being dormant for more than two years. The whale had precisely bottom-fished in August and October 2023, buying 291,790 SOL ($6.82 million) at an average price of $23.37, and later sold 191,789 SOL ($24.62 million) at an average price of $128.36 during SOL's rise, realizing a profit of more than $20 million.

A smart whale bought $3.6 million SOL again after being dormant for over two years

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