CandleFocus Crypto Whales Amass Over 200,000 SOL as Solana Eyes Breakthrough to Top 4 Cryptos
2024-10-31
Author: Content Editor
Several cryptocurrency whales have been accumulating the native token of smart contract platform Solana (SOL), with over 200,000 SOL worth around $35 million being added to their wallets. The on-chain analysis service Lookonchain identified three whales who withdrew SOL from Binance and Kraken exchanges before staking the funds. CoinShares' Digital Asset Fund Flows report also revealed that Solana investment funds saw $10.8 million in net inflows in the past week. The accumulation comes as SOL is close to overtaking Binance's BNB to become the fourth-largest cryptocurrency by market capitalization.
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