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The world of cryptocurrencies was taken by a storm today as ANALOS, a Solana-backed token, echoed a sense of frenzy within the broader <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">crypto</a> market. According to on-chain data, a trader reportedly amassed noteworthy profits on Monday following a significant sell-off orbiting ANALOS.
Reportedly, the trader garnered these profits over the period of five days, stirring a tidal wave of speculations among crypto market enthusiasts. Moreover, as the data surfaced within the broader crypto market amid Solana’s price jump, it fueled further inferences for the SOL-backed token.
<h2 id="a-closer-look-into-the-report">A Closer Look Into The Report</h2>
According to the on-chain data unveiled by Lookonchain, a platform simplifying blockchain metrics, the trader who amassed colossal profits goes by the wallet address DmBpEfT….zRjm4. Furthermore, as per the data, the aforestated trader reportedly converted $900 into $3.47 million by trading ANALOS on the Solana network.
Notably, the trader garnered the aforestated profit over the duration of 5 days, sparking immense curiosity among crypto market fanatics. Meanwhile, the trader still seems to have significant amounts of ANALOS left, according to on-chain data by Lookonchain.
Intriguingly, the trader spent 12 SOL to buy 2.6 billion ANALOS five days ago. Thereafter, the trader sold 1.45 billion ANALOS for 1.43 million USDC simultaneously. Furthermore, the trader still appears to be selling ANALOS and has 1.12 billion coins left at present.
In alignment with the abovementioned sell-off saga, the ANALOS price surged phenomenally, fueling optimism for the SOL-backed token.
Also Read: <a href="https://coingape.com/india-crypto-landscape-under-pressure-as-officials-weigh-economic-stability-risks/" target="_blank" rel="noopener noreferrer nofollow">India Crypto Landscape Under Pressure As Officials Weigh Economic Stability Risks</a>
<h2 id="analos-price-skyrockets">ANALOS Price Skyrockets</h2>
As of writing, the ANALOS price showcased a phenomenal surge of 148.05% over the past 24 hours and is currently trading at $0.00203. This price jump was further escorted by a weekly upswing of 286.02% and a monthly upswing of 286.02%.
Meanwhile, the price jump portrayed by ANALOS also aligns with the leap in Solana’s price. As of writing, the <a href="https://coingape.com/price/solana/" target="_blank" rel="noopener noreferrer nofollow">Solana price</a> rose 2.50% in the past 24 hours, reaching $111.31. Even Solana’s price jump was further escorted by a weekly surge of 64.51%.
Intriguingly, on-chain data highlighted by Lookonchain aligns with the market charts illustrated by these tokens, fueling optimism for their future.
Also Read: <a href="https://coingape.com/us-sec-announces-dec-29-deadline-for-spot-bitcoin-etf-applications/" target="_blank" rel="noopener noreferrer nofollow">US SEC Announces Dec 29 Deadline For Spot Bitcoin ETF Applications</a>
The post <a href="https://coingape.com/solanas-analos-aids-trader-in-amassing-colossal-profits-analos-price-to-sustain-rally/" rel="noopener noreferrer nofollow">Solana’s ANALOS Aids Trader In Amassing Colossal Profits, ANALOS Price&nbsp;To Sustain&nbsp;Rally?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Solana’s ANALOS Aids Trader In Amassing Colossal Profits, ANALOS Price To Sustain Rally?

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