Solana crypto-kits made anonymous transactions for more than $ 82 million

According to Whale Alert, the Solana whales SOL $134.42 Solana -0.35% Market capitalization $62.22 billion VOL. 24 hours $1.03 billion have made a series of large transactions, transferring a staggering $ 82 million to unknown wallets. The first significant transfer of 150,000 SOL, equivalent to $ 15,054,830, was recorded from the Bybit exchange to an unknown wallet. Soon after, another significant transaction of 659,283 SOL, equivalent to $ 67,093,244, was recorded between the unknown wallets.

The whale movements have sparked speculation in the Solana community, with many crypto users questioning the motives behind the colossal transactions. Such large-scale cryptocurrency transactions often attract attention, as investors and analysts scrutinize the movements of large holders to gain insight into market sentiment and future price trends.

The recent fund flow coincided with a temporary drop in Solana’s price over the past 24 hours. Nevertheless, the cryptocurrency has demonstrated resilience over the past week, showing a notable increase of 16.40%. the 24-hour trading volume of SOL also rose sharply to $ 3,607,213,097, which is 26.40% more than a day ago.

Despite the recent price drop, market analysts remain bullish on Solana. In particular, crypto analyst Rekt Capital expressed optimism about SOL’s potential for significant growth. The crypto expert emphasized the importance of the coin’s potential drop into the $ 98.98 range, suggesting that such events could serve as an opportunity to update the old range low. This, in turn, could pave the way for a potential rally, with a target of $ 115.