SOL Wallets Worth $2M+ Hit All-Time High

 Key Insights 

• Solana wallets with 10K+ tokens reach record highs, signaling strong whale accumulation above $2M.
• Futures open interest on CME hits $993M, showing rising demand from institutional and derivative traders.
• SOL charts an inverted head and shoulders breakout, now trading within a bullish fair value zone.

The number of Solana (SOL) addresses holding 10,000 or more tokens has reached a new all-time high of 5,224, according to on-chain data shared by Ali Martinez. At current prices, each of these wallets holds more than $2 million in value. This rise signals ongoing accumulation among large holders.

Despite fluctuations in SOL’s price during July and early August, the number of high-balance wallets continued to grow. The price of SOL dropped temporarily but recovered toward $191.64, showing strength as these wallet numbers rose. This trend suggests large players continued adding to their positions during dips.

Source: Ali Martinez/X

Futures Open Interest Surges Near $1 Billion

Open interest in Solana futures has also hit a record, reaching $993.77 million on August 14, 2025, based on data from CoinGlass. This figure surpasses the previous high of $800 million set in July after the launch of the first U.S.-based Solana staking ETF. Most of this volume is seen on the CME, which has become a key venue for institutional crypto trading.

The chart shows that open interest and SOL’s spot price have moved together in recent weeks. SOL’s price peaked at $206.47 before pulling back slightly to $203.74. The increase in futures positioning indicates growing trader participation and expectations of continued market activity in the near term.

Bullish Chart Structure in Play

According to analyst BATMAN, SOL recently broke out of an inverted head and shoulders pattern in the 12-hour timeframe. After this breakout, price swept the previous high before pulling back into a bullish fair value gap (FVG) between $175 and $190. The analyst stated, “We got a decent reaction from that zone, but I still think we revisit the lower part of the box,” suggesting interest in a possible re-entry at lower levels within that range.

The price is now trading within that FVG zone, and technical traders are watching for either a continuation higher or deeper consolidation. This setup reflects a broader pattern of short-term volatility within a longer-term bullish structure.