A record transfer of Solana cryptocurrency worth $ 2 billion is reported

An unknown user transferred $ 1.9 billion worth of Solana (SOL) tokens. More than 11 million SOL were involved in this large-scale transaction, which attracted the attention of market observers and sparked speculation.

According to Whale Alert, the transfer began with SOL tokens being moved from the address DnDz7kVQvPghCmgFZLBfvJam1yQo2XGHsfD1H1k3houe to 4njYPnCFrGD7KbMRcawLygw3AyUZggxQFHuFo3cCpZbB. Shortly afterwards, the tokens were moved again to 4njYPnCFrGD7KbMRcawLygw3AyUZggxQFHuFo3cCpZbB, eventually ending up at a new address with no previous transaction history.

Who is behind this significant move remains unknown, as well as the reason for the transfer on Sunday — usually a low-liquidity day in the crypto market — for such a large transaction.

The mysterious transfer comes at a time when Solana’s value has experienced a marked uptick. SOL ended the week with an impressive gain of almost 20%, trading at $ 171. This is the most profitable week for Solana since early March.

At the time of writing, SOL is trading at $ 180, up 1.6% for the day and 24% for the week. The recent uptrend may prompt these major players to prepare for another attempt to push SOL over the critical $ 200 threshold.