TL;DR
- Strategic Alliance: Crypto.com and SOL Strategies Inc. announced a partnership on October 2, expanding Solana’s custody and validator services for institutional clients.
- Whale Activity: Whale Alert tracked two massive transfers totaling $448 million in SOL, including $63 million to Coinbase Institutional and $383 million between private wallets, signaling heightened institutional and private interest in Solana.
- Market Outlook: Solana trades near $231 with 20% weekly gains, facing resistance at $250–$260. Analysts see potential rallies toward $280, $320, $400, and even $520 if momentum continues.
Crypto.com and SOL Strategies Inc. have announced a strategic alliance to deepen institutional footprint in the Solana ecosystem. The collaboration was reported on October 2, the same day, a whale moved $448 million SOL, showing surging market momentum and growing demand for secure custody and validator services.
🚨 🚨 🚨 274,560 #SOL (63,390,655 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/wThzL5Vdo4
— Whale Alert (@whale_alert) October 2, 2025
Custody Expansion and Validator Access
The agreement positions Crypto.com Custody as a safeguard for part of SOL Strategies’ treasury reserves. In return, institutional clients of Crypto.com gain access to SOL Strategies’ validator network, broadening staking opportunities for enterprises and high-net-worth investors. Executives emphasized that public companies holding digital assets increasingly require compliant custody solutions paired with reliable validator infrastructure.
SOL Strategies’ dual role as both a validator provider and treasury participant highlights its strategy of diversification, ensuring security while expanding institutional accessibility to Solana’s network.
Whale Transactions Signal Market Shifts
The announcement between the two companies coincided with massive whale activity. According to Whale Alert data, two major transfers, one involving 274,560 SOL ($63 million), were moved from an unknown wallet to Coinbase Institutional, and a second one involving 1.65 million SOL ($383 million) was moved between unknown wallets. The $448 million transfer signals the growing scale of institutional and private interest in Solana. According to market experts, these large transactions heightened market activity.
Solana’s Technical Breakout Potential
Solana’s price action has mirrored the institutional developments. Trading near $231, the token posted a 20% weekly gain with daily volumes surpassing $9 billion. Analysts identified resistance between $250 and $260 as pivotal. A weekly close above $260 could unlock rallies toward $280, $320, and even $400, with long-term projections extending to $520 if momentum continues. Key supports remain near $200 and $160, levels considered essential to preserve the bullish structure.
Structural Shift After Year-Long Downtrend
Market experts have pinpointed a broader structural shift in Solana’s market performance. The cryptocurrency started October, shedding a multi-month downward trend, and moving towards support levels, around the $210 level. Currently trading above $230, the coin has shown resilience. Analysts predict that sustained trading above key levels could propel SOL towards the $300 mark.
