Solana

April

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-sol-market-trends-and-whale-transactions/" data-wpel-link="internal">Solana (SOL) Market Trends and Whale Transactions</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/solanas-price-surge-in-the-crypto-market-2/" data-wpel-link="internal">Solana</a> (<a href="https://en.coin-turk.com/solana-a-high-performing-blockchain-platform-with-promising-developments/" data-wpel-link="internal">SOL</a>) is currently trading below the critical $150 level, yet it seems to maintain a bullish outlook in the short term according to some analyses. What exactly is happening in the market with Solana (SOL)?</p> 
<h2 style="text-align: justify" id="whales-and-sol-transactions">Whales and SOL Transactions</h2> 
<p style="text-align: justify">Indeed, the $150 level is seen as a crucial milestone for SOL to reach its all-time high.</p> 
<p style="text-align: justify">Especially, the increase in the number and volume of meme coins launched on the platform in recent blockchain projects contributes to SOL’s prominence.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-345877" src="https://coin-turk.com/wp-content/uploads/2024/04/1-55-solana-coin-turk-com.png" alt="" width="328" height="133"></p> 
<p style="text-align: justify">However, SOL’s short-term upward momentum could change considering the latest transactions involving whales.</p> 
<p style="text-align: justify">Particularly, according to information shared by Whale Alert about 2 days ago, on April 27, significant transactions were made containing more than 22 million SOL tokens valued at over 3 billion dollars.</p> 
<p style="text-align: justify">The first transaction involved moving approximately 11 million SOL tokens worth about $1.53 billion from an unknown wallet to another unknown wallet. In the second transfer, 11.1 million SOL tokens worth $1.55 billion were moved to another unidentified wallet.</p> 
<p style="text-align: justify">While the basis of these whale transactions is unknown, such activities generally create significant market movements.</p> 
<h2 style="text-align: justify" id="sol-price-predictions">SOL Price Predictions</h2> 
<p style="text-align: justify">AI used by CoinCodex predicts an upcoming rise in SOL’s price in the next months.</p> 
<p style="text-align: justify">The AI application indicates that by May 27, SOL will trade at $162 after a 14% increase from its current price outlook. It assumes SOL will trade within a certain range, predicting a price of $143.74 by May 1.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-345876" src="https://coin-turk.com/wp-content/uploads/2024/04/solana-tahmin-coin-turk-com.png" alt="" width="487" height="232"></p> 
<h2 style="text-align: justify" id="comments-on-solana-sol">Comments on Solana (SOL)</h2> 
<p style="text-align: justify">In addition to the expected fluctuations due to whale transactions, Solana appears to be preparing for a price change influenced by various on-chain factors.</p> 
<p style="text-align: justify">A survey conducted by CoinShares shows that institutional investors have a strong preference for Solana. Indeed, the growing interest from institutional investors could enhance investor confidence in the altcoin and potentially alter its price outlook.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-345878" src="https://coin-turk.com/wp-content/uploads/2024/04/coinshare-sol-coin-turk-com.png" alt="" width="500" height="343"></p> 
<p style="text-align: justify">Given the reputational damage SOL has suffered due to recent network outages, the increase in institutional interest could be seen as a refreshing boost of confidence.</p> 
<p style="text-align: justify">Amidst all these developments, it is also worth noting that SOL has fallen to a price level of $136 after a 4% drop as of the time of writing.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/solana-sol-market-trends-and-whale-transactions/" data-wpel-link="internal">Solana (SOL) Market Trends and Whale Transactions</a></h5>

Solana (SOL) Market Trends and Whale Transactions

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