Solana (SOL) has dipped to around $81, with analysts warning of a potential slide toward $67.50. But while the price is headed down, something totally different is happening behind the scenes.
On 22 February 2026, a whale woke up after five months of silence. This specific wallet moved 50,000 SOL (worth about $4.25 million) off the Binance and Bybit exchanges. Why would someone move millions in crypto just as the price is falling?
Whales often operate with a different mindset than the average retail investor. While macro pressures and Fed signals create short-term fear that drives prices down, long-term holders see these dips as discounts. Currently, SOL is trading at $80.77
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Whales Moving SOL Despite The Price Drop
$SOL trying to rebound from key support
SOL followed a clear downtrend but now price is sitting on a strong base after long consolidation.
Support is getting defended again early rebound structure forming here.#Tradingview pic.twitter.com/FU5G0WcOT4
— BitGuru 🔶 (@bitgu_ru) February 23, 2026
This isn’t an isolated event. Recently, another whale immediately staked the 50,000 SOL after withdrawing it. Staking locks the coins up to earn rewards, signaling they have no intention of selling anytime soon.
There are similar patterns across the market. Recently XRP vanished from exchanges during accumulation phases. Solana whales are positioning themselves for the future. This confidence is likely bolstered by increasing institutional validation for the network.
Even though Solana’s price has slumped recently, the flow of big money into the ecosystem tells a different story. Whales aren’t reacting to today’s red candle. They are positioning for the next cycle.
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Meanwhile, Solana Meme Coins Gain Popularity
Maxi Doge (MAXI), a new dog coin that’s speeding ahead of the presale pack, has raised more than $4.6 million – putting it far ahead of PUNCH’s launch-day market cap while tapping into the same wild dog-meme energy that made past winners explode.
The $4.61 million already committed to the MAXI presale proves that buyers have embraced the project’s intense branding, the token’s low entry price ($0.0002805), and its tongue-in-cheek humor.
Notifications pinging rn. pic.twitter.com/ehlJvQqpX6
— MaxiDoge (@MaxiDoge_) February 20, 2026
Heading over to the official Maxi Doge website is the easiest way to start building a MAXI position while the presale is still running. Just connect your wallet to the site’s investment widget, and you’re in.
If you’re using a smartphone, Best Wallet makes the whole process even smoother – and it can be downloaded via the Apple App Store, as well as Google Play.
You can start buying MAXI with ETH, BNB, USDT or USDC – but if you don’t have any of those, you can simply use your bank card. If you opt into staking, it kicks in immediately with a 68% APY.
Once you’re set up, don’t forget to follow Maxi Doge on X and Telegram so you catch every update and don’t miss any upcoming launch announcements.
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