Key Takeaways
Solana holdings at UpexTreasury have climbed to 1.82 million SOL, now valued at $331 million—with $58 million in unrealized gains from recent accumulation.
UpexTreasury, the largest treasury holder on the Solana [SOL] network, just added another 100,000 SOL to its balance sheet.
The purchase—worth roughly $17.7 million—raises its total holdings to 1.82 million SOL, now valued at approximately $331 million.
The entry appears to be well-timed. Acquired for a total of $273 million, the position is now sitting on $58 million in unrealized profit.
The accumulation sends a clear message: UpexTreasury is not chasing short-term volatility but leaning into long-term conviction.
Whales are making moves
Apart from UpexTreasury other whales are also making moves.
AMBCrypto’s analysis of CryptoQuant whale activity data reveals that large orders are also building at current price levels, pointing to a wider wave of accumulation from deep-pocketed players.
Source: CryptoQuant
At the same time, investor and traders alike are keeping an eye on the next liquidation cluster, which sits around $202.
In a bullish market, these clusters usually act like magnets that pulls price toward them as leveraged positions unwind.
Source: CoinGlass
$190 resistance zone cleared, what next for Solana?
Technically, Solana has now cleared the $190 resistance zone—a level that had rejected several attempts earlier this year. With the resistance zone now out of the way, momentum appears to be accumulating.
The next question naturally becomes: Can SOL reach $300?
While that level may still feel ambitious, the current setup support to the bullish bias.
Market structure looks solid, buying pressure is steady and confidence from both institutional treasuries and whale wallets continues to build.
If macro conditions stay stable—and Solana maintains this level of engagement—the path toward $300 is no longer out of reach.
Source: TradingView
Solana’s rally is no longer just a rebound. With UpexTreasury increasing its reserve and clear signs of whales orders accumulation at these price levels, market sentiment around SOL is growing firmer.
If the network can sustain this pace and traders continue to lean in, we could be watching the early stages of a broader bullish run—not just a short-term spike.
