The blockchain tracking platform, Whale Alert, has recently taken to Twitter to share some intriguing data regarding a significant Solana (SOL) transfer. Per their post, an undisclosed wallet transferred a whopping 1,001,394 SOL, valued at approximately $22,194,904, to Binance. This information will pique the interest of those closely following the cryptocurrency market.
The Twitter post divulged intricate transaction particulars, including the noteworthy detail that the whale may have opted to transfer a portion of its SOL holdings, potentially indicating an intention to vend in the imminent future.
As of the latest update, SOL has secured a spot among the top 10 cryptocurrencies experiencing a bullish trend. The altcoin’s current trading price is $22.16, reflecting a 1.49% surge in value over the past 24 hours. Notably, SOL is trading near its daily high of $22.44, indicating a strong upward momentum that has helped it steer clear of its 24-hour low of $21.28.
Solana (SOL) demonstrated a noteworthy 24-hour increase, resulting in a 0.24% strengthening against the crypto giant Bitcoin (BTC). However, it experienced a slight dip of 0.28% against Ethereum (ETH) at the time of writing. SOL’s trading volume increased by 25.95%, reaching $437,849,403 within the same 24-hour period.
The altcoin’s weekly performance was slightly boosted, registering a 1.89% increase. However, it did encounter a minor setback with a 0.04% price drop in the hour leading up to press time.
With a market capitalization of $8,724,673,363, SOL secured its spot as the 10th largest cryptocurrency. It stood tall, trailing behind Polygon (MATIC) in the 9th position and leading Polkadot (DOT) in the 11th spot. This impressive feat is a testament to SOL’s growing popularity and potential for further growth in the future.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
