For the past 24 hours, Solana (SOL) price has been going in the red. This occurred in unison with a significant sell-off by a whale in the crypto market.
Most recently, Solana has also seen the Pump.fun Fee Account sells 40,000 SOL, or about $6,680,000. This transaction is not the first one in this account’s selling spree. It has reportedly sold 969,945 SOL worth 162 million SOL at an average of 78.7 SOL million at 156.4 SOL.
The https://t.co/DrKlYnPhBq Fee Account sold 40,000 $SOL($6.68M) again 5 hours ago!https://t.co/DrKlYnPhBq has generated total revenue of 969,945 $SOL($162M) and has sold 503,343 $SOL($78.7M) at an average price of $156.4 so far.https://t.co/8Jozj9QqvE pic.twitter.com/2a9Zz441CJ
— Lookonchain (@lookonchain) October 22, 2024
Impact of Whale Activities on Solana
Whale activities are, therefore, considered potential signals of future prices. Whale moves deal with large volumes due to the large share of the volume they occupy. It is conspicuous th
We współpracy z: https://www.thecoinrepublic.com/2024/10/22/solana-whales-offloading-as-sol-price-struggles/
