Solana

Million

<ul class="news-points">
 <li><strong>Earlier today, a whale transferred SOL tokens worth over $19 million from an unknown wallet to Coinbase.</strong></li>
 <li><strong>At press time, SOL was worth $56.46 after its price dropped by over 3% in the past 24 hours.</strong></li>
 <li><strong>On-chain data revealed that in November, Solana’s USDC transaction volume and TVL saw huge increases.</strong></li>
</ul>
<p>Dumping fears are spiking within the cryptocurrency community after a whale moved a huge amount of <a href="https://coinedition.com/tag/solana-sol/" rel="noopener noreferrer nofollow">Solana (SOL)</a> tokens to an exchange. The whale tracking platform Whale Alert posted on X this morning that 336,999 SOL was transferred from an unknown wallet to Coinbase. The transferred tokens were worth about $19,100,615.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 336,999 <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#SOL</a> (19,100,615 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Coinbase</a><a href="https://t.co/etqEyrt4qJ" target="_blank" rel="noopener noreferrer nofollow">https://t.co/etqEyrt4qJ</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1729035332870443195?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 27, 2023</a>
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<p>Judging from most of the comments on the post, many people believe that the whale is planning to dump his tokens soon. This might be the case as SOL experienced the largest price drop out of the top 20 cryptocurrencies by market cap.</p>
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 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/Nq9AIK3chnSPjnQuB8Z6nnLHDJDMt7KPwXi0yCG4VSb1k6CiFRQk8n3ycENu43ee9z0UC0f9yMJfFiP7d1NvMBe6aY0fswCetLJ_2m9w3H-Wq1_7q1lAYxEknVw4DyBTyEIl66XRt_sBfimCp61jH7M" alt="" style="aspect-ratio:2.395209580838323;width: 100%;height:auto">
  <figcaption class="wp-element-caption"><em>SOL / Tether US 1D (Source: <a href="https://www.tradingview.com/x/41Qd7j7l/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)</em>
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<p>At press time, data from CoinMarketCap indicated that SOL experienced a 3.31% price drop throughout the past day of tradin…</p>
<p>The post <a href="https://coinedition.com/huge-19-million-solana-sol-transfer-sparks-dumping-fears/" rel="noopener noreferrer nofollow">Huge $19 Million Solana (SOL) Transfer Sparks Dumping Fears</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Huge $19 Million Solana (SOL) Transfer Sparks Dumping Fears

Coin Edition

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