$304 Million in Solana (SOL) Moved in Minutes, What's Happening?
2025-07-02 22:17:04
Main Idea
Over $304 million worth of Solana (SOL) was moved in minutes by whales, coinciding with a 5.19% price spike, raising speculation about potential market volatility or large-scale OTC purchases.
Key Points
1. Whale Alert tracked two consecutive transfers of 1 billion SOL each, totaling $304 million, on July 2, 2025.
2. SOL's price surged 5.19% amid the whale activity, with a 24-hour trading volume exceeding $3.77 billion.
3. Market participants speculate the transfers could indicate OTC purchases or upcoming volatility.
4. The transactions occurred as the first Solana ETF went live, further influencing market sentiment.
5. Solana's price showed notable gains, reflecting renewed investor confidence despite recent market dips.
Description
SOL price spikes 5.19% as whales make big moves
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