What Factors Contributed to the Sudden Increase in the Price of Solana (SOL) Today?

Quick Summary:

Another notable transfer was the movement of 11 million SOL worth $1.6 billion from a private wallet address to another private wallet address.🚨 🚨 267,077 #SOL (38,637,899 USD) transferred from #Binance to unknown wallet — Whale Alert (@whale_alert) May 4, 2024 Solana Whale Movement Whale transfers are very common in the crypto industry.

As of now, their movement is likely going to have little to no effect on the price of Solana.  🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 11,000,000 #SOL (1,624,618,110 USD) transferred from unknown wallet to unknown new wallet — Whale Alert (@whale_alert) May 4, 2024 Whale Accumulates Solana On the other hand, private wallet “8NWAHM” has been accumulating SOL in the past 24 hours.

Particularly, on-chain data from whale transaction tracker Whale Alert has revealed the movement of 267,077 SOL worth $38.6 million from crypto exchange Binance into an unknown wallet in the past 24 hours.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Price analysis Solana Whale Altcoins

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-05 @ 15:30:48 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 431 words

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