REXShares’ new U.S. Solana ETF (SSK) just had a record-breaking day, attracting $13 million in new capital and reaching $66 million in trading volume. This surge in demand coincides with a 33% rally in SOL’s price after it bounced off a key technical support level.
On-chain data confirms that this isn’t just retail excitement; large investors, or “whales,” are also actively buying. The combination of strong ETF inflows and whale accumulation has historically led to sharp price increases for Solana. With SOL-related inflows now making up almost 20% of the SSK’s total assets, institutional interest is clearly high.
While a significant resistance level sits at $206, continued strong demand from both institutional investors and whales could potentially push the price towards the $250 mark.
August 2025, Cryptoniteuae
