Whale activity involving Solana (SOL) has increased amidst the ongoing pullback in the cryptocurrency. Transaction records reveal that a whale moved 206,111 SOL, worth $36 million, from Binance to a staking wallet over the past nine days. This indicates an optimistic outlook as whales choose to stake their assets rather than trade them. The whale's portfolio is valued at approximately $29 million and consists primarily of Marinade Staked SOL (mSOL). Other whales have also accumulated SOL, with one acquiring 34,807 SOL and staking a portion of it. Solana's performance has been volatile, but recent data suggests renewed whale interest and staking activity. Technical analysis indicates the possibility of an upward trend, with potential price targets for SOL at $383.39 and $829.17 according to Fibonacci analysis.



Other News from Today