Solana’s volume hit $4.46 billion for the first time in the year.
SOL added 9% as the strong bull trend persists.
Recently, there has been a notable increase in large transactions by Solana [SOL] whales. Data showed a significant volume of the tokens being transferred to exchanges. Given this recent activity, is it possible that we will witness a gradual reduction in SOL’s gains?
Whales move tokens to exchanges
On the 12th of November, Whale Alert reported two substantial Solana transactions, each exceeding $30 million. The first transaction involved the transfer of 325,222 SOL, valued at over $18.6 million, to the Binance [BNB] exchange.
325,222 #SOL (18,666,993 USD) transferred from unknown wallet to #Binancehttps://t.co/ECEpdMJM72
— Whale Alert (@whale_alert) November 11, 2023
The second transfer consisted of 199,998 tokens, worth more than $11.5 million, sent to the Coinbase [COIN] exchange.
These transfers signify that sizable wallets are strategically moving assets to
We współpracy z: https://ambcrypto.com/solana-soars-9-as-whales-make-waves/
