Key Insights
- Solana news: Large order book statistics reveal whales are still buying SOL at recent lows.
- Stablecoin supply soars to a new historic high at $16.44 billion.
- Solana net flows cool down to levels last seen in early October.
Solana native coin, SOL, just concluded yet another week in the red, with price retreating to its 6-month support level.
While the support retest underscored weak demand, recent data suggests that whales might be buying the dip.
According to the latest Solana news, whales have been taking advantage during the consolidation phase. SOL’s large order book statistics revealed that whales have been buying the dip in the last 3 days.
For context, whales acquired SOL worth over $14 million collectively on Coinbase, Binance, and OKX since Friday. Moreover, the same category of traders executed over $284 million worth of long positions.
The whale activity did not necessarily highlight robust demand, but it did reveal that the whale cohort was confident enough to test the waters at recent lows.
This activity was also observed at a critical level with SOL price hovering near its 6-month low.
Although the SOL price was in a clear consolidation zone, short-term price movements have been calling the shots.
This is because macro factors introduced long-term uncertainty, hence SOL’s narrow range in the last 3 weeks.
The pullback since mid-week highlighted weak demand as indicated by the RSI’s failure to push above its 50% level. In other words, prevailing demand remained relatively weak.
Solana Stablecoin Count Soars to New All-time Highs
While SOL price remained relatively subdued, the Solana network exhibited growth in other key areas. Solana’s stablecoin count maintained an overall upside over the last few months.
In further Solana news update, the network maintained the same trend this month. The Solana stablecoin market cap soared as high as $16.44 billion, which marked a new all-time high.
Rising Solana stablecoin market cap signaled that liquidity was flowing into an ecosystem. This is a positive growth marker that could signal that investors are ready to move value within the Solana ecosystem.
Beyond the stablecoin scope, Solana maintained relative stability as far as network activity was concerned. The network had roughly 15.65 million active addresses in the last 7 days.
Weekly network activity remained at the same level for the last 4 weeks. This suggests that it leveled out after cooling down substantially, compared to Q2 2025’s slightly elevated levels.
Still on network activity, it still outperformed Ethereum in terms of transaction volume. Recent data revealed that Solana transactions were 48 times higher than Ethereum transactions.
Net Flows Cool Down to Early October Levels
Although Solana stablecoin activity has been growing, its net flows may offer a better picture of the state of value flow within the networks.
Net flows dropped to $11191.5 million between 8 December and 14 December.
For context, weekly net flows peaked at $331 million from 6th to 12th October. This was the highest weekly net flows that the network registered in the second half of 2025.
The declining net flows represent the value flowing between Solana and other networks.
This value usually goes up during bullish times or when market confidence is high, which is coincidentally reflects higher network usage.
The currently declining weekly net flows in the ecosystem reflect a cautious stance across the market.
While this offers a decent snapshot of liquidity flows and market confidence, it still highlights significant activity.
Source: https://www.thecoinrepublic.com/2025/12/14/whales-quietly-stack-up-solana-sol-as-price-consolidates-near-6-month-low/
