The cryptocurrency Solana has shown a steady bullish trend, with a current trading value of $133.84, above its moving average of $130.82. Recent whale activity, including a large purchase of over 34,800 SOL valued at $4 million, has influenced Solana's price. Despite experiencing a drop and holding around the $120-$125 support range, Solana has displayed strong network metrics, including high weekly transactions and active addresses. Solana's token, SOL, saw a significant 12% drop due to a sell-off by Pump.fun, but has since rebounded. The current price surge and increased trading volume indicate growing investor interest, with the possibility of SOL reaching $145 to $150.
- Content Editor ( thenewscrypto.com )
- 2024-09-10
Whale Activity Impacts Solana Price with A $4M Purchase