Solana

Dollars

Million

when

Spot

In a series of mysterious transactions that have attracted the attention of cryptocurrency enthusiasts and analysts, Solana (SOL) whales moved $180 million worth of SOL tokens.
<h2 id="solana-whales-made-a-transfer-of-180-million-dollars">Solana Whales Made a Transfer of 180 Million Dollars</h2>
According to Whale Alert, a service that tracks cryptocurrency transactions, a large transfer involving 1,782,144 SOLs worth approximately $170,364,121 was made from an unidentified wallet to Coinbase, one of the leading cryptocurrency exchanges.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <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;"> <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;"> <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;"> <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;"> <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;"> <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;"> <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;"> 1,782,144 <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SOL</a> (170,364,121 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coinbase</a><a href="https://t.co/qsbyjvNwmN" rel="noopener noreferrer nofollow">https://t.co/qsbyjvNwmN</a>
 — Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1754347485164691489?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 5, 2024</a>
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Shortly after, another transaction was reported in which 119,597 SOLs worth approximately $11,436,478 were moved from Coinbase to an unknown new wallet.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <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;"> 119,597 <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SOL</a> (11,436,478 USD) transferred from <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coinbase</a> to unknown new wallet<a href="https://t.co/k4ScR62UYh" rel="noopener noreferrer nofollow">https://t.co/k4ScR62UYh</a>
 — Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1754347691142779315?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 5, 2024</a>
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These transfers may relate to institutional investors or large-scale Solana investors seeking to secure profits or reposition their portfolios in anticipation of future market movements.
As of the latest updates, Solana is trading at $97.90, up 1.14% in the last 24 hours.
Related News: <a href="https://en.bitcoinsistemi.com/bitcoin-exchange-bybit-announced-that-it-will-list-a-new-altcoin-on-its-spot-trading-platform/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Exchange Bybit Announced That It Will List a New Altcoin on its Spot Trading Platform!</a>
Transaction volume for Solana also increased significantly, reaching a total of $1,502,291,564, an increase of 18.26% in the same period. This increased activity and price movement coincides with a period when the market is showing signs of volatility and investor interest is increasing.
Liquidation figures reported by CoinGlass, a platform that provides information on cryptocurrency futures and spot markets, also increase this interest.
In the last 24 hours, Solana liquidated $6.13 million; long positions made up $4.33 million of this total, and short positions made up the remaining $1.79 million.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/whales-of-this-altcoin-transferred-a-large-amount-of-tokens-to-coinbase-exchange/" rel="noopener noreferrer nofollow">Whales of this Altcoin Transferred a Large Amount of Tokens to Coinbase Exchange!</a>

Whales of this Altcoin Transferred a Large Amount of Tokens to Coinbase Exchange!

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