Crypto analyst Crypto Kaleo also claimed that $1,000 is a reasonable target for Solana if the token can replicate a similar growth to the one Ethereum enjoyed in the last cycle when it hit an all-time high (ATH) of $4,800. Solana’s Strong Fundamentals Still Indicate A Significant Price Rally Solana’s strong fundamentals still suggest that SOL will likely enjoy a significant rally before the crypto token peaks in this bull run, although it remains to be seen if it can reach as high as $1,000.
However, the Solana meme coin launchpad Pump.fun is another whale the Solana community might have to worry about. Lookonchain revealed in another X post that the Pump.fun fee account has sold 222,073 SOL for 35.54 million USDC at an average price of $160 in the past three months.Pump.fun still holds a significant amount of SOL that can put massive selling pressure on the token’s price, as on-chain data shows that the fee account still holds 274,583 SOL ($39.7 million).
Solana’s fundamentals remain strong amid these sell-offs, suggesting that SOL could still enjoy a significant rally. Solana Whale Has Sold $86 Million Worth Of SOL This Year The on-chain analytics platform Lookonchain revealed in an X (formerly Twitter) post a Solana whale that has sold 594,000 SOL ($86 million) this year.
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