Solana saw a massive surge in its price over the last 24 hours.
Whales got skeptical around this rally, however, sentiment remained high.
Solana [SOL] has been of the altcoins that has benefitted the most from the bullish sentiment around the crypto space.
In the last 24 hours, SOL surged over 16%, reaching a market value of $41.8 billion, surpassing BNB at $41.1 billion.
It now ranks as the fourth-largest cryptocurrency. Additionally, SOL’s contract trading volume surged by 32% to exceed 10 billion, with open interest reaching 1.34 billion, trailing only BTC and ETH.
Whale interest wanes
However, this growth of Solana could be stunted by whale behavior. BitMEX founder Arthur Hayes announced in a recent tweet that he has divested from SOL, opting to acquire more ETH.
Additionally, he forecasted a target price of $5,000 for Ethereum.
A decline in whale interest could potentially impede the growth trajectory of SOL.
Whales often play a significant role in influencing market trends, and
We współpracy z: https://ambcrypto.com/solana-will-the-rally-continue-or-is-a-correction-looming/
