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These days, SOL's popularity has surged again. A mysterious wallet address 0xDAEf has recently made some notable moves—first transferring 8.09 million USDC to Hyperliquid, then placing a limit order intending to sweep 59,000 SOL at the price range of $133.88-$135, with a total cost of about $8 million.
From another perspective: the scale of this capital itself indicates a stance. A whale with nearly ten million US dollars entering the market and precisely placing a bid at the current SOL price to bottom fish suggests, from a behavioral logic standpoint, that this is preparing for a subsequent upward move.
Recently, SOL's market has indeed been interesting. There have been large funds reducing positions for arbitrage profits, earning quite a bit. Now, with new heavy capital entering to buy in, it’s bound to boost market sentiment.
Interestingly, the whale didn't choose to directly hit the market with a market order. Instead, it used a limit range order—controlling costs, avoiding chasing high prices, and not missing out due to waiting. This operational style is quite prudent, indicating a clear plan behind the trader.
This 8 million-level buy order being placed is likely to stimulate active buying of SOL in the short term, causing price fluctuations within this range. From a market perspective, the actions of whales are always a barometer, often attracting follow-up capital.
Currently, big funds in the crypto space are very active—either increasing leverage positions or precisely targeting some hot coins. SOL being targeted again is likely to attract a lot of retail attention to this direction.
But here’s an honest point: whale money doesn’t fall from the sky. Those willing to heavily invest must have their own deep judgment. As ordinary investors, observing these big moves can serve as a reference, but don’t let superficial hype cloud your judgment or blindly follow the trend. There are always opportunities in the market, but risk management should always come first.