Solana (SOL), the fourth biggest cryptocurrency by market cap, took a halt after rallying to an all-time high (ATH) of $263. However, it seems like the crypto whales are not holding back. Data from Lookonchain shows that a whale scooped $60 million worth of SOL over the past month.
The SOL price took a hit of around 8% in the last seven days, dealing with a mild correction after a massive rally that saw the asset breakthrough 2021’s all-time high price. 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 worth about $60 million in the last month
Solana’s recent price action has attracted whales that have begun accumulating SOL. As per the data shared by Lookonchain, 2 wallets believed to belong to a single holder have accumulated more than 250K Solana coins (approx worth $60 million) from Kraken in the last month.
Whales are accumulating $SOL!
2 wallets(likely belonging to the same person) have withdrawn 250,109 $SOL($60M) from #Kraken in the past month.https://t.co/0pPszppckmhttps://t.co/uiWofyuKCc pic.twitter.com/6UpBf7f99X
— Lookonchain (@lookonchain) November 29, 2024
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