Solana whales are still accumulating $SOL

News

Solana (SOL), the fourth biggest crypto, took a halt from its all time high (ATH) rally but it seems like that the crypto whales are not holding back. Data from Lookonchain shows that a whale had scooped $60 million worth of SOL over the past month.

SOL price took a hit of around 8% in the last 7 days, dealing with a mild correction after a massive rally. The cumulative Solana ecosystem market cap surged past $342 billion as Pump.fun and newly SOL based meme coins gained prominence.

Whale scoops 250K Solana

As per the data shared by Lookonchain, 2 wallets have accumulated more than 250K Solana coins (approx worth $60 million) from Kraken in the last month. It is suggested that these 2 wallets might belong to the same person.

Solana’s price is up by a whopping 34% in the past 30 days despite the recent drop. SOL is trading at an average price of $241.31, at the press time. Its 24 hour trading volume is down by 32% to stand at $3.76 billion. The token went on to hit the ATH of $263.83 on November 23 asserting its position above BNB.

Pump.fun, on the other hand, is on a depositing spree, data shows that the linked wallet again dumped 65,000 SOL (approx worth $15.23 million) to the crypto exchange Kraken.

Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

Earn more CFN tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://cryptoforum.news0

CFN Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed

Leave a Reply