Recent market gains have led to a consolidation of leading cryptocurrencies like Bitcoin, Ethereum, and Solana within a tight range. However, Solana continues to garner attention, driven by its strong price performance and high on-chain activity since the start of the month. Currently, SOL is trading around $146.96, experiencing a slight 1.44% drop over the past 24 hours. Despite this minor pullback, it has seen remarkable growth from its low in early April, rising more than $64 to reach a peak of $156.05. The current price trend appears bearish, yet SOL’s price remains above its April levels, indicating broader market support. 8.54 billion USD is Solana’s total value locked (TVL), with a trading volume of $3.67 billion and an open interest of $1.11 billion in the past 24 hours. This showcases a thriving ecosystem with sustained engagement from DeFi and derivatives markets. Further, significant capital flows have been observed for Solana in April. Nearly $52.76 million was transferred out of Binance over several days, indicating substantial whale activity within the Solana ecosystem. Will these large withdrawals impact exchange liquidity and short-term SOL price dynamics?