Analysis

Crypto Whales Abruptly Move Over $186,000,000 in Ethereum Rival Solana – Here’s Where the Crypto Is Going

Crypto whales are out of the blue on the transfer, relocating over 9 million Solana (SOL) in a sequence of transactions.

Whale-watching bot Whale Alert noticed the flurry of transactions to the tune of 9,075,999 SOL price greater than $186.84 million.

Two of the most important transactions prior to now day entails a crypto whale shifting a complete of $86.29 million in SOL in two consecutive transactions.

The whale in query initially relocated 2,090,758 SOL price $43.14 million from a pockets of unknown origin to crypto alternate Coinbase. In lower than a minute, the identical investor with deep pockets shifted 2,090,758 SOL price $43.14 million from the identical unknown pockets to Coinbase, the place they may probably be offered on the open market. 

Whale Alert additionally witnessed 5 transactions the place SOL was moved from Coinbase to unknown wallets. Three transfers noticed massive entities shifting SOL from unknown wallets to Coinbase.

It prices just about nothing to make multi-million-dollar transactions on Solana.

At time of writing, SOL is buying and selling for $22.48.

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