- Massive $218M Solana whale move sparks surge in investor excitement.
- Bitwise’s Solana ETF records $69.5M first-day inflows, shocking markets.
- Western Union to launch USDPT stablecoin on Solana blockchain in 2026.
Solana has become the latest sensation in the crypto market after a massive $218 million transfer coincided with record inflows into the newly launched Bitwise Solana ETF.
The onchain alert, captured by Whale Alert, revealed that 1,097,555 SOL tokens were moved from a verified Coinbase Institutional wallet to a newly created address. The large-scale transaction immediately fueled speculation about deep-pocketed investors increasing their exposure to Solana.
Market analysts believe the timing of this transfer was no coincidence. It came just as Bitwise confirmed that its spot Solana ETF ($BSOL) recorded a remarkable $69.5 million in first-day inflows. According to @BitwiseInvest, this figure is nearly 480% higher than the $12 million seen during the debut of $SSK, signaling a surge of institutional enthusiasm for Solana.
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Institutional Interest in Solana Heats Up
The rapid inflow into $BSOL has strengthened the view that Solana is attracting serious institutional attention. Analysts suggest that large-scale wallet movements could indicate fund accumulation as investors seek exposure through both direct purchases and ETF products.
Such trends often mark the start of broader institutional participation, especially when combined with regulatory approval and rising market optimism.
At the time of the transfer, Solana was trading around $194.43, reflecting a mild pullback from recent highs. However, sentiment surrounding the token remains overwhelmingly positive as investors continue to view Solana as one of the most promising blockchain networks.
The combination of whale activity and ETF inflows suggests growing confidence in Solana’s long-term market strength.
Western Union’s Stablecoin Plan Adds Momentum to Solana
Adding to the network’s rising profile, Western Union has announced plans to launch a new stablecoin named USDPT on the Solana blockchain in 2026. The initiative is part of its broader Digital Asset Network strategy aimed at deepening the company’s role in blockchain-based financial solutions.
According to the announcement, USDPT will be issued by Anchorage Digital Bank and distributed through select exchanges. The project is designed to enhance global remittance efficiency while leveraging Solana’s speed and low-cost transaction capabilities.
Market Outlook
The combination of a $218 million whale movement, explosive ETF inflows, and Western Union’s expansion into Solana has created strong momentum for the network. Market watchers see these developments as signals of accelerating institutional trust and expanding real-world utility.
As Solana continues to attract both major investors and established financial institutions, it is quickly solidifying its position among the top-performing assets in the digital economy.
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