Solana (SOL) has fallen below the $120 mark as of December 18, driven by a slowdown in network activity and a retreat by retail traders amid growing market fears. Despite the dip, significant whale activity has been observed, with a notable transaction involving wallet G6gemN purchasing 41,000 SOL for $5 million. This trend of increased whale accumulation mirrors a similar pattern seen eight months ago. Meanwhile, Solana ETFs have experienced $11 million in net inflows, which has helped to counterbalance the selling pressure in the spot market. Bulls are maintaining a support range between $122 and $145, where buying interest remains consistent.