The blockchain tracking platform Whale Alert shared a post on Twitter earlier this morning to share some new data about a particular Solana (SOL) transfer. According to the post, 1,001,394 SOL, worth around $22,194,904, was transferred from an unknown wallet to Binance.
Some of the finer transaction details were also included in the Twitter post, such as the fact This could suggest that the whale decided to transfer some of its SOL holdings in an attempt to sell it in the next few days.
SOL / Tether US 1D (Source: TradingView)
At press time, SOL was one of the top 10 cryptocurrencies trading in the green. The altcoin was trading hands at $22.16 after a price increase of 1.49% over the past 24 hours. This meant that SOL was trading much closer to its daily high of $22.44 than its 24-hour low of $21.28.
The crypto’s 24-hour increase was also enough for it to strengthen against the crypto king, Bitcoin (BTC), by about 0.24%. However, SOL was down against Ethereum (ETH) by 0.28% at press time. Meanwhile, SOL’s 24-hour trading volume stood at $437,849,403 after a 25.95% increase.
The altcoin’s performance was also enough to push its weekly performance a bit further into the green at 1.89%. The crypto did, however, experience a price drop of 0.04% in the hour before press time.
SOL’s market cap of $8,724,673,363 meant that it was ranked as the 10th biggest crypto in terms of market capitalization. This placed it right behind Polygon (MATIC) in 9th position and in front of Polkadot (DOT) which was ranked 11th.
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Source: Cryptocurrency - investing.com
