Solana rises above $93 as whale buy and ETF inflows put $97.40 in focus
Solana (SOL) rose more than 6.50% on May 9, trading at $93.71 for the first time since March 18, alongside a 20%+ jump in volume to $5.12 billion. A whale bought 67,648 SOL worth $6.23 million after seven months of inactivity, while U.S. spot SOL ETFs saw $6.23 million of inflows on May 8, 2026. Traders are watching $97.40 as a key resistance, with a daily close above it viewed as a potential trigger for a 21% move toward $118.