The whale moved 200,000 SOL, valued at approximately $40 million, marking its first major transaction in five years. This transfer follows the launch of Bitwise’s ETF, which had a strong trading debut, underscoring a shift toward institutional interest in Solana.
Despite the substantial transfer, Solana’s price remained around $195, showing confidence among investors. The move seems to align with increased liquidity and interest from institutional investors, which could influence future market dynamics.
Leave a Reply