Solana Scores First Green Candle in Year
Covered by 2 sources · 2 articles
Solana closed August in positive territory, marking its first monthly gain in several months after a sustained period of declines. The token finished the month near $103, having appreciated roughly 40 - 50% over the four-week span. The move sparked renewed interest in the asset, evidenced by a dormant whale accumulating $8 million worth of SOL following an extended absence from trading activity. Futures trading volume during the period exceeded $7.8 billion, outpacing concurrent spot market activity.
The sustained rally and whale repositioning signal potential shifts in market sentiment after an extended downturn.
- Solana's first positive monthly close in months, with ~40 - 50% August gains, ended a prolonged losing streak.
- A long-inactive whale purchased $8 million in SOL, suggesting confidence among larger holders returning to the market.
- Futures volume surged past $7.8 billion, indicating elevated leverage and speculative interest alongside spot buying.
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Solana closes first monthly green candle since 2025, whale buys $8 million SOL
🚨 Solana posts first green monthly candle since 2025, triggering market buzz. 🟢 August saw a dormant whale buy $8 million in $SOL after months away. 💥 Futures trading volume surged past $7.8 billion, outpacing spot activity. 📉 Once abov…
Solana Scores First Green Candle in Year
Solana (SOL) has broken a months-long streak of negative monthly closes, ending August near $103 after gaining roughly 40–50% during the month.