Whale activity is significantly affecting the Solana market, creating volatility and speculation. The large transfer of 90,000 SOL worth 20.5 million USD reflects a trend that is impacting the price action as liquidation risks loom.
Solana’s stablecoin market reached an all-time high of 11.06 billion USD, driven primarily by USDC. This rapid growth indicates a robust demand for stablecoins and suggests increased user adoption of DeFi on Solana.
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