Bullish
Solana's SOL price holds above $77 amid increased whale accumulation and USDC minting.
In the past 24 hours, Solana's SOL price has maintained support above $77, bolstered by significant whale accumulation and substantial USDC minting on the network. These developments suggest growing confidence in Solana's ecosystem and potential for price appreciation.
Key points
- Whales and long-term holders have increased their SOL accumulation following a recent price pullback, indicating strong support at current levels.
- Circle minted an additional $1 billion USDC on Solana around July 1, 2026, contributing to increased on-chain liquidity and potentially supporting SOL's price.
- Forward Industries holds 7.55 million SOL as of June 30, 2026, with plans to add approximately 500,000 SOL in Q3 at around $79 each, using SOL as collateral.
- Solana processed a record 3.77 billion non-vote transactions in the past 30 days, reflecting robust network activity.
Sources
AI-generated from public news sources. Not financial advice.
