Solana Whales Move $1.3 Billion as ETF Approval Hopes Soar

Over $1.3 billion worth of Solana (SOL) has been quietly transferred between unidentified wallets, stirring speculation across the crypto community. These massive transactions come as the likelihood of a Solana ETF approval has surged to 91%, according to prediction platform Polymarket.

Within minutes, three nearly identical transactions—each moving around 3 million SOL, worth over $430 million—were detected. Notably, none of the wallets revealed any identifiable sender or recipient, indicating strategic positioning rather than panic selling or urgent transfers.

Experts believe that such large-scale movements without any impact on SOL’s price suggest the whales are not offloading their holdings. Instead, they could be preparing for changes in custody, reorganizing portfolios, or making way for institutional investment.

At the same time, interest in a potential Solana ETF has spiked. On Polymarket, a decentralized prediction market, the odds of a Solana ETF being approved before December 31, 2025, have risen to 91%—a 17% jump from earlier forecasts. With over $178,000 in trading volume, investor optimism appears to be mounting.

If approved, a Solana ETF (Exchange-Traded Fund) would allow traditional investors to gain exposure to SOL without directly holding the crypto asset, potentially boosting its value over the long term.

Currently, Solana is trading around $143.97, with a modest 0.28% daily increase. However, its 24-hour trading volume has dropped 35.5% to $3.1 billion. Despite this, the stealthy wallet activity and growing ETF optimism are fueling speculation of a larger accumulation strategy underway, possibly signaling the beginning of a new wave of institutional interest in Solana.