🐋 Whales Accumulate Solana (SOL) as Price Rebounds from Lows

Whale investors have resumed SOL accumulation, withdrawing $27M from Binance and staking it with JitoSOL for lending liquidity. SOL rebounded from $125 to $147, boosting confidence as open interest surged from $2.2B to $2.7B, with 74% long positions. Despite the recovery, Solana’s on-chain activity remains weak, with daily users dropping to 3.26M, and an upcoming March 1 token unlock could add selling pressure.