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<ul>
 <li>Solana surged 4% in 24 hours, with a 23% gain since May, hinting at sustained growth.</li>
 <li>Significant whale activity, including a $38.6 million transfer from Binance, signals bullish sentiment.</li>
 <li>An accumulation in wallet “8NWAHM” reflects increasing confidence in SOL despite a recent 20% correction.</li>
</ul>
<p>Solana (SOL) is on an upward trajectory yet again, marking a notable 4% surge within the last 24 hours. This recent surge adds to its impressive 23% gain since the beginning of May, hinting at a potential sustained increase in value throughout the remainder of the month.</p>
<p>On-chain data reveals a flurry of activity among whales. Notably, a tracker of whale transactions has flagged significant movements of Solana tokens, indicating a sense of bullishness surrounding the digital asset.</p>
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<p>A substantial transfer of 267,077 SOL worth $38.6 million from Binance to an undisclosed wallet has sparked speculation about the intentions of these whales. Additionally, a hefty 11 million SOL, equivalent to $1.6 billion, made its way between private wallet addresses, further fueling discussions within the crypto community.</p>
<p>Whale transfers, while common in the industry, are often scrutinized for the insights they offer into market dynamics. The recent influx of <a href="https://coinmarketcap.com/currencies/solana/" rel="noopener noreferrer nofollow">SOL</a> into private wallets suggests a growing confidence among whales in Solana’s future prospects.</p>
<p>Moreover, one particular wallet address, labeled “8NWAHM,” has emerged as a significant accumulator of SOL. Over the past day, it has seen substantial inflows from both exchanges and other private wallets, totaling millions of dollars worth of SOL.</p>
<p>Despite its recent gains, Solana is still grappling with a 20% correction over the past month. However, with the ongoing bullish sentiment and the potential for further price upticks, Solana could be poised to reclaim its position above the $200 mark in the coming weeks.</p>
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<p>The post <a href="https://cryptonewsland.com/solanas-impressive-surge-eyes-steady-rise-through-may/" rel="noopener noreferrer nofollow">Solana’s Impressive Surge: Eyes Steady Rise Through May</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Solana’s Impressive Surge: Eyes Steady Rise Through May

Crypto News Land

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