Crypto Whales Make Big Moves on Solana, Following Recent Breakout
Following a notable price surge past $138, there has been a surge in Solana (SOL) acquisitions by major investors.
On September 14, 2024, Lookonchain, an on-chain analytics firm, reported that a major investor bought 10,000 SOL , valued at $1.37 million, from Binance and subsequently staked it.
In addition, this investor acquired and staked an additional 50,000 SOL, worth approximately $6.85 million, and earned over 174 SOL, equivalent to $23,700 in rewards.
Despite these substantial investments, SOL may test its recent breakout level to validate its upward movement. As of now, SOL is trading around $137, having risen by more than 7.8% over the past week.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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