Solana Whale Sold 20,000 SOL Weekly Since January

Solana is the most popular cryptocurrency in the market after Bitcoin and Ethereum. It is no new news, as it has been among the top five cryptocurrencies for years now.

A cryptocurrency investor has sold 594,000 Solana (SOL) tokens, equivalent to $86 Million this year alone per an average SOL price of $156. The investor (whale) began its selling spree on January 15, 2024, and continues till now. More importantly, the whale has used many popular crypto exchanges like Coinbase, Binance, and OKX for trading.

The last batch of 20,000 SOL tokens was sold by the whale on August 12, 2024. The tokens were sold to Binance at an average price of $144. The total amount generated from this sale was $2.8 Million.

Solana Price Analysis

At the time of writing, SOL is trading at $144.79 with a 0.07% decrease in the past hour. However, over the past day, the token has noted a 2.8% rise and 21.8% gain over the past week.

The token’s price has witnessed a steep rise since the beginning of 2024. After starting the year at $20, SOL price soared to highs of $260 in April. Following a short correction phase, the token began another rally in June, leading it to highs of $200 again. Currently, the token is facing another round of correction before it resumes its bullish trend.

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