2024

Solana

Millions

Bitcoin

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<p lang="en-GB" xml:lang="en-GB">Whale Alert, the popular cryptocurrency tracker, which follows large crypto transactions and shares their details with the community, has noticed three hefty <a href="https://u.today/solana-sol-breaking-out-in-big-way">SOL</a> transfers made over the past hour.</p>
<p lang="en-GB" xml:lang="en-GB">Aside from that, two big SOL chunks exchanged hands without any trading venues involved. This has coincided with a Solana price increase.</p>
<blockquote>
 <p lang="en" dir="ltr">🚨 🚨 🚨 436,720 <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw">#SOL</a> (57,677,853 USD) transferred from unknown wallet to unknown wallet<a href="https://t.co/QudI24vmnd">https://t.co/QudI24vmnd</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1763581824125542431?ref_src=twsrc%5Etfw">March 1, 2024</a>
</blockquote> 
<h2 id="almost-163-million-in-solana-on-the-move">Almost $163 million in Solana on the move</h2>
<p lang="en-GB" xml:lang="en-GB">The aforementioned data source detected five large <a href="https://u.today/solana-sol-performs-enormous-breakthrough-ethereum-eth-euphoria-continues-will-bitcoin-btc-reach">Solana</a> transfers, each carrying tens of millions of US dollars in the SOL equivalent. The largest ones carried 449,724 SOL (valued at $60,008,944) and 436,720 SOL (the equivalent of $57,677,853). These two SOL chunks were moved between anonymous cryptocurrency wallets.</p>
<p lang="en-GB" xml:lang="en-GB">Two more transfers, which contained 167,189 SOL (worth $22,241,902) and 93,446 SOL (evaluated at $12,322,070), were deposited to the largest US-based cryptocurrency exchange Coinbase.</p>
<blockquote>
 <p lang="en" dir="ltr">🚨 167,189 <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw">#SOL</a> (22,241,902 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw">#Coinbase</a><a href="https://t.co/VJ42ml6rxe">https://t.co/VJ42ml6rxe</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1763585063466221783?ref_src=twsrc%5Etfw">March 1, 2024</a>
</blockquote> 
<p lang="en-GB" xml:lang="en-GB">Finally, 81,173 SOL worth $10,819,672 was withdrawn from the same crypto trading platform. Overall, almost $163 million worth of Solana has been moved within a single hour.</p>
<h2 id="solana-market-performance">Solana market performance</h2>
<p lang="en-GB" xml:lang="en-GB">From Monday this week until today, SOL has put up a <a href="https://www.tradingview.com/symbols/SOLUSD/">staggering 36.74% increase</a>, following the tremendous rise of the flagship cryptocurrency Bitcoin this week. Having surged from $100.76 to the $137.78 price mark, SOL demonstrated a volatile behavior today, first dropping by 4.22% and then rising and falling once again. The overall decline today comprises 4.77%.</p>
<p lang="en-GB" xml:lang="en-GB">In the meantime, the market’s main catalyst, Bitcoin, has also stopped growing – it has lost 2.85% within the last 24 hours and is trading at $61,474 at press time.</p>

Millions in Solana (SOL) Sent to Coinbase in One Hour, Here’s Price Reaction

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