Solana is back in the spotlight after two giant whale wallets moved over $80 million worth of SOL off Binance. The activity comes as analysts forecast a Solana ETF approval could trigger the next major rally. At the same time, some traders are also keeping an eye on MAGACOIN FINANCE, another altcoin seen as an undervalued pick.
Whales Signal Confidence in Solana
According to Lookonchain, two large wallets withdrew a combined 376,076 SOL — valued at more than $80 million — from Binance within 24 hours and shifted them to Kamino, a DeFi protocol. Moves like this are often seen as bullish because it suggests whales are choosing to store or use tokens in yield platforms instead of keeping them ready to sell.
This action highlights a wider theme across crypto markets: large buyers tend to position early before a fresh leg up. The whales’ confidence aligns with Solana’s recent momentum, as the coin has gained over 40% since early August, reaching its highest price since February.
The rally has been fueled by higher network activity, a stronger DeFi presence, and growing demand from both retail and institutional buyers.
The shift of hundreds of thousands of tokens out of exchanges suggests these whales expect more upside ahead, especially as anticipation builds around ETF approvals.
ETF Buzz Adds Fuel to Solana’s Run
Bloomberg Intelligence analysts recently raised their estimate for Solana ETF approval odds to 95% by the end of 2025, up from 90%. The adjustment reflects ongoing regulatory progress, including updated filings and fresh discussions with the SEC.
If approved, a Solana ETF could attract major institutional inflows, similar to what happened when Bitcoin and Ethereum ETFs hit the market.
Prediction platforms such as Polymarket also show high confidence, with approval odds hovering around 99%. This aligns with recent developments, including Forward Industries’ $1.65 billion Solana-focused treasury, backed by Galaxy Digital and Jump Crypto. These moves reinforce the belief that Solana is gaining credibility as one of the leading alternatives to Ethereum.
With Solana now trading near $220, its highest level in months, the next breakout depends on whether ETF optimism translates into sustained demand. Traders are already speculating that approval could push SOL toward new milestones, potentially reaching much higher price ranges in the coming year.
Another Altcoin to Watch: MAGACOIN FINANCE
While Solana is riding the ETF wave, MAGACOIN FINANCE is quietly being added to watchlists as another strategic pick. Analysts highlight it as an undervalued altcoin that could deliver massive returns compared to Solana once ETFs arrive. Imagine a coin under $0.0005 today — it takes less effort for it to drop two zeros once live on exchanges.
Why MAGACOIN FINANCE?
- Seen as capable of delivering gains faster than Solana
- Has potential for 100X returns as it scales and gains adoption
- Backed by good fundamentals and transparency
- Added by analysts to early-stage watchlists
With ETF hype focused on the big caps, MAGACOIN FINANCE is the kind of altcoin that traders are calling a smart addition alongside SOL.
How Traders Can Position Now
With whales accumulating Solana and ETF approval odds climbing, traders should be considering how to balance large-cap exposure with undervalued altcoins that could outperform. Keeping an eye on Solana’s breakout levels while also exploring MAGACOIN FINANCE could offer a mix of stability and early growth opportunities.
For more details or to join the community, visit:
- Website: https://magacoinfinance.com
- X: https://x.com/magacoinfinance
- Telegram: https://t.me/magacoinfinance
