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Solana (SOL) Crashes 15% After Massive Profit-Taking Spike

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Solana (SOL) Crashes 15% After Massive Profit-Taking Spike - NewsBTC

Quick Summary:

Now, here is the chart shared by the analytics firm that shows the trend in the Solana Realized Profit by Age over the last few months: As is visible in the above graph, the aggregated Solana Realized Profit observed a huge spike on Monday following the recovery in the cryptocurrency’s price toward the $180 mark.

Related Reading: Crypto Liquidations Near $1 Billion As Bitcoin & Altcoins Bounce Back It would appear the investors were keen to cash in on this opportunity, as the SOL Realized Profit shot up to an hourly value of over $257 million, making the profit-taking event one of the largest in the last couple of months.

Solana Realized Profit Registered A Sharp Spike Yesterday According to data from the on-chain analytics firm Glassnode, the Realized Profit observed a huge spike for Solana recently.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-05 @ 02:00:26 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 413 words

Reading Time: 3 minutes read

Sentences: 60 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26672749

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://beamstart.com/news/solana-sol-crashes-15-after-17411405673731

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