Bullish
Solana whales accumulate $28.8 million in SOL ahead of Transaction v1 upgrade
In the past three weeks, a major Solana whale has purchased 285,503 SOL tokens, totaling approximately $28.8 million, ahead of the Transaction v1 network upgrade scheduled for September 9, 2026. This upgrade will increase Solana's maximum transaction size from 1,232 bytes to 4,096 bytes, aiming to enhance efficiency and support more complex transactions. The accumulation by large holders suggests strong confidence in Solana's future prospects.
Key points
- Whale accumulation: A major Solana whale has purchased 285,503 SOL tokens, totaling approximately $28.8 million, over the past three weeks.
- Transaction v1 upgrade: Scheduled for September 9, 2026, this upgrade will increase Solana's maximum transaction size from 1,232 bytes to 4,096 bytes, aiming to enhance efficiency and support more complex transactions.
- Institutional interest: Leading asset management firm Bitwise has increased its holdings in Solana (SOLUSD), demonstrating strong institutional confidence despite a slow market for Solana ETFs.
- USDC minting surge: Circle minted $3 billion worth of USDC on the Solana blockchain in a single 24-hour window, reflecting strong demand for stablecoins on the network.
Sources
AI-generated from public news sources. Not financial advice.
