Nate Geraci, the President of The ETF Store, stated on X platform that the increase in the number of XRP whales will not change or increase the chances of SOL spot ETF approval. This is correct, as SOL spot ETF approval still requires one of the following conditions:

SOL futures traded on CME have a long enough trading history (possibly the longest path);

Comprehensive cryptocurrency regulatory framework (a long path);

Administrative management changes (the fastest path).