Solana Dips Under $100 As Whale Offloads $49M
Solana fell below the $100 threshold as a large holder transferred $49 million worth of the asset.
The native token of Solana ($SOL) dropped below the $100 mark following significant transfer activity from a major holder, according to Cryptonews. A prominent whale has reportedly been quietly liquidating holdings totaling $49 million.
Whale Activity and Market Impact
Instant Telegram notifications for large on-chain moves.
The large-scale distribution comes as downside pressure mounts across the wider cryptocurrency market. Whale addresses moving substantial balances to secondary markets often introduce immediate sell-side liquidity, weighing on spot prices.
Key facts
- Solana fell below $100 following whale distribution.
- The whale is reported to have quietly dumped $49 million in $SOL.
- The data was reported by Cryptonews.
Source: news.google.com
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