According to BeInCrypto, a prominent Solana (SOL) whale that generated over $20 million in profits during 2023 has re-entered the market after remaining inactive for two years. Blockchain analysis firm Lookonchain identified this significant transaction, revealing an accumulation of approximately $3.6 million worth of SOL.
The purchase involved exactly 47,535 tokens acquired at current valuations. This strategic buying decision occurs while Solana trades roughly 74% below its January 2025 all-time high record. The dormant entity’s return to activity suggests a potential shift in sentiment regarding the asset class as market prices adjust from previous peaks.
This resurfacing of a major holder contrasts sharply with the broader context where SOL has struggled to reclaim earlier valuation levels since early 2025. Typically, such substantial purchases by known whales are closely monitored by traders and institutional investors for signs of confidence in future price appreciation.
The transaction was flagged on-chain as Solana dipped relative to its historic highs. The identity behind this purchase remains linked to the entity that previously banked massive profits last year before ceasing active trading positions. This behavior implies a calculated move by an experienced participant waiting for favorable entry points before deploying capital again.
Source: BeInCrypto.The article originally appeared here: https://beincrypto.com/solana-whale-returns-buys-sol-dip/.
