Solana Whale Shakes Market With $372 Million Transfer, Where Are The Coins Headed?

Quick Summary:

Data from DappRader shows that the transaction volume on the network has continued to soar despite SOL’s declining price.  What Next For SOL’s Price Crypto analyst Ali Martinez recently mentioned that Solana is set for a "major 53% price move.” He added that the market should keep an eye on the $143 support and $178 resistance levels to gauge sentiment on the crypto token.  Crypto analyst Jelle seems to have a bearish sentiment toward SOL.

This comes amidst the bearish sentiment in the crypto market, which has also caused Solana’s price to decline.  Solana Whales Move Over $500 Million Worth Of SOL In Several Transactions On-chain data shows that Solana whales have conducted six large transactions in the last 24 hours.

The fifth transaction still involved the unknown wallet (3vx…kom), which moved 1.6 million Solana tokens ($230 million) to another unknown wallet (FnH…Arr).

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: SOL Price SOL news SOLUSDT Solana news Solana Price Solana SOLUSD Sol

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-15 @ 20:00:37 (6 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 483 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 21262379

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