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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-whale-invests-2-8-million-in-multiple-exchanges/" data-wpel-link="internal">Solana Whale Invests $2.8 Million in Multiple Exchanges</a> 
Since January, a <a href="https://en.coin-turk.com/raoul-pal-predicts-major-gains-for-solana/" data-wpel-link="internal">Solana</a> whale who has been regularly selling tokens invested approximately $2.8 million in several exchanges, bringing the total number of tokens sold by the investor this year to $84 million. On August 13, blockchain <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data analysis</a> platform Lookonchain identified a Solana wallet that has been selling tokens weekly since January 15. According to the data company, the whale transferred at least 594,000 SOL tokens to Coinbase, Binance, and OKX this year. 
<h2 class="p1" style="text-align: justify" id="this-whale-created-excitement">This Whale Created Excitement</h2> 
The total value of the tokens is approximately $84 million, and the price of SOL is hovering at $144.30. The whale sold tokens at least once a week, and the latest sale was a transaction of 20,000 SOL tokens worth approximately $2.8 million. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-379436 size-full" src="https://coin-turk.com/wp-content/uploads/2024/08/solscan.jpg" alt="" width="1715" height="703"> 
Separate from the Solana owner, another whale associated with the Ethereum initial coin offering (ICO) has been selling tokens for over a month. On August 12, Lookonchain reported that the Ethereum whale deposited $13.2 million worth of Ethereum into OKX. The whale has been selling tokens since July 8, and the total number of tokens deposited into OKX is $154 million, with funds deposited at an average price of $3,176. 
The wallet acquired 1 million Ethereum during the Ethereum ICO. Despite the recent sale, another whale took an opposing position with a similar amount. On the same day, an Ethereum wallet purchased 5,000 Ethereum, adding approximately $12.8 million to its portfolio. 
<h2 class="p1" style="text-align: justify" id="details-on-the-subject">Details on the Subject</h2> 
Instead of selling their assets in bulk, the whales used what the investment world calls the dollar-cost averaging (DCA) strategy. The DCA strategy is a popular crypto investment method that involves periodically buying and selling crypto assets instead of making bulk transactions at once. 
Given the difficulties of predicting the highest or lowest prices, experienced <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> use the DCA method to invest in crypto. The investment strategy allows DCA investors to be less affected by emotions as they consider long-term prospects. Although the method is constantly advertised for buying crypto, it is also used when selling tokens to make a profit. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-whale-invests-2-8-million-in-multiple-exchanges/" data-wpel-link="internal">Solana Whale Invests $2.8 Million in Multiple Exchanges</a></h5>
The post <a href="https://en.coin-turk.com/solana-whale-invests-2-8-million-in-multiple-exchanges/" data-wpel-link="internal">Solana Whale Invests $2.8 Million in Multiple Exchanges</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Solana Whale Invests $2.8 Million in Multiple Exchanges

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