FalconX withdraws $98M in Solana from exchanges, signaling institutional confidence and tighter supply that could impact SOL price.
FalconX pulled 413,075 SOL, worth about $98.4 million, from several leading exchanges earlier this week.
The transfers came from Binance, OKX, Coinbase, and Bybit, with all happening within just eight hours. Blockchain trackers flagged the activity as unusual because of the size and speed.
How Institutional Buying Affects Solana Price
Institutional withdrawals like those made by FalconX indicate confidence in Solana’s outlook. Analysts from Lookonchain and Arkham Intelligence linked the wallets to FalconX, which showed a consistent pattern of accumulation.
A separate withdrawal happened just hours later, with FalconX moving another 118,190 SOL worth $28.39 million from Binance. This reinforced the view that institutions are steadily buying Solana.
So why do exchange flows matter?
When tokens leave exchanges, the sell-side liquidity shrinks. This means that fewer coins are available for immediate trading. If buying interest grows during this period, upward price moves will become more likely.
Glassnode research has pointed out that outflows tend to act as signals for bullish phases. Historical cases even show that SOL rallies have come after similar exchange withdrawals, with price surges entering an average of 20% in short spans.
Market Dynamics Around Solana Supply
The size of FalconX’s activity has pushed traders to begin monitoring order books. Now with less supply sitting on exchanges, even moderate increases in demand could push prices higher.
Currently, support levels for Solana sit near $220, while resistance appears around $250. This said, if SOL manages to break past $230, aligned with its 50-day EMA, it could invite more buyers into the market.
Trading volumes are also strong, with 24-hour activity of more than $2 billion across major pairs like SOL/USDT. This liquidity offers room for strong price moves when institutional activity aligns with retail demand.
Insights From On-Chain Data
Arkham Intelligence was the first to flag the addresses tied to FalconX’s transfers. These wallets show a pattern of large-scale SOL movements over time, which points to planned accumulation, rather than random trading.
Looks like another institution is buying massive $SOL.
In the past 8 hours, #FalconX has withdrawn 413,075 $SOL($98.4M) from #Binance, #OKX, #Coinbase, and #Bybit.https://t.co/BbJHB6YKtf pic.twitter.com/BibDGcoD3x
— Lookonchain (@lookonchain) September 17, 2025
Another interesting aspect of this development is that FalconX’s activity is in line with a much larger trend. Institutions have been showing interest in Solana due to its fast transactions and other features.
Because of this, Institutional flows not only influence Solana itself but can also spill into related projects within its network. As liquidity moves into Solana-based ecosystems, tokens tied to DeFi or NFTs may also see stronger trading activity.
What Traders Should Expect
The withdrawal of nearly half a billion dollars in Solana within a day is a big deal. Market watchers are now focused on how demand compares with this reduced on-exchange supply.
If institutional buying continues, Solana may see tighter liquidity on exchanges.
This setup increases the chance of stronger price reactions to trading volume. On the other hand, other factors like macroeconomics and Bitcoin’s performance could further influence prices.
Overall
FalconX’s recent withdrawals show how institutional behaviour can affect short-term price trends in Solana. The reduction of tokens available for trade on exchanges means that Solana has a fair chance at upward pressure on SOL if demand holds.
The next few days will be important for traders watching Solana, and if history repeats, these conditions could fuel another price rally.
