Cross-Chain Growth Fuels Solana Momentum; SOL Could Hit $145 Soon

Solana now processes more than 30% of all Wormhole-powered transactions, emphasizing its growing leadership in cross-blockchain transactions. With more than 300,000 new users joining in 2025 alone, Solana continues to attract users to its ecosystem because of fast transactions, low costs, and easy connectivity to large blockchains in the crypto space.

This increased adoption has also triggered massive capital flows, as the cumulative amount of $12 billion in value has been bridged to Solana through Wormhole. These capital flows have not only increased confidence levels among the masses and institutional investors but also solidified the importance of Solana as the prime destination in the new multi-chain crypto landscape.

Also read: Solana (SOL) Price Prediction: Can Bulls Defend $143 as Metrics Strengthen?

SOL Whale Deposits $2.83M to Kraken After Staking Play

However, the data from Lookonchain revealed that Solana whale Ci8jH5 withdrew 20,000 SOL from the Kraken exchange five months ago for $4.1 million and staked the SOL for yield potential. This move earned the whale 466 SOL in staking rewards, increasing their SOL holdings from 20,000 SOL to 20,466 SOL despite market volatility in the crypto market cycle.

Source: X

Although there are stakes, the fall in SOL value wiped out the value at a quicker pace than the rewards. The 20,466 SOL is currently worth $2.83 million, indicating a loss of $1.27 million. Approximately an hour ago, the whale deposited the entire amount back to Kraken, suggesting that there might be some selling.

Solana Sweeps Liquidity, Signals Potential Relief Move

Moreover, the crypto analyst BitGuru pointed out that Solana has recently swept up sell-side liquidity and entered a strong demand zone after a clear market structure reset. This is a good indication that weaker market positions have been cleaned out and larger market buyers have had a chance to accumulate at a discount. This is a common indication of exhaustion of sell momentum, and a shift in momentum may now start to occur.

Source: X

Price is now attempting to move out of a major support area, which places SOL at a significant technical crossroads. If support is successfully held, then a relief rally could ensue. Technical projections indicate a bounce to the former high around $145, where former levels of support and liquidity are presently concentrated.

Also Read: Solana (SOL) 200-Week EMA Acts as Critical Long-Term Trend Divider