Key takeaways
Solana staking ETF SSK registers $13 million in inflows and $66M record trading volume. Whale accumulation and technical breakout patterns strengthen the case for a $250 target.
The first U.S. Solana [SOL] staking ETF , SSK by REXShares, has just posted its strongest day on record.
The product attracted $13 million in new inflows over the last 24 hours while trading volume surged to $66 million — the highest since launch according to the recent SolanaFloor reports.
This sharp spike in demand suggests that investor appetite for Solana exposure through regulated investment products is accelerating.
The move comes after SOL rallied 33% from a key technical support zone.
Late last week, the token bounced off the golden Fibonacci retracement range — a level that’s historically triggered strong follow-through rally in the last SOL bullish cycle.
Source: TradingView
Solana institutional interests meets whale accumulation
On-chain data reveals that whales are actively accumulating positions, as indicated by a rising Exchange Whale Ratio, a metric tracking the share of trades made by large holders.
This increase has coincided with strong ETF inflows, suggesting a coordinated effort by major players who may be positioning for a potential breakout.
Historically, when whale activity and ETF demand aligned, Solana experienced sharp price surges.
At press time, SOL-related inflows represent nearly 20% of SSK’s total assets under management. This underscores the strong institutional interest that could fuel continued upward momentum.
Source: CryptoQuant
A confluence of bullish sentiments
Apart from ETF activity, broader sentiment around layer-1 networks has improved over the past week. Risk appetite in the altcoin market is rising and Solana’s daily Active Addresses have are gaining momentum.
AMBCrypto analysis indicated that both 7-day Moving Average and monthly Active Addresses was on surge.
This affirms the aforementioned bullish metrics and adds more likelihood for the projected rally to $250 in the near future.
Source: The Block
Still Solana investors need to remain cautious. SOL price action presents a significant resistance zone sits just below the $206 level, where profit-taking could temporarily stall momentum.
However, if ETF inflows maintain this pace and whale accumulation continues, a push toward the $250 could be on the horizon.