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Crypto Whales Abruptly Move Over $186,000,000 in Ethereum Rival Solana – Here’s Where the Crypto Is Going

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Crypto Whales Abruptly Move Over $186,000,000 in Ethereum Rival Solana – Here’s Where the Crypto Is Going

By admin On Mar 30, 2023

Crypto whales are suddenly on the move, relocating over nine million Solana (SOL) in a series of transactions.

Whale-watching bot Whale Alert spotted the flurry of transactions to the tune of 9,075,999 SOL worth more than $186.84 million.

Two of the largest transactions in the past day involves a crypto whale shifting a total of $86.29 million in SOL in two consecutive transactions.

The whale in question initially relocated 2,090,758 SOL worth $43.14 million from a wallet of unknown origin to crypto exchange Coinbase. In less than a minute, the same investor with deep pockets shifted 2,090,758 SOL worth $43.14 million from the same unknown wallet to Coinbase, where they could potentially be sold on the open market.

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Whale Alert also witnessed five transactions where SOL was moved from Coinbase to unknown wallets. Three transfers saw large entities shifting SOL from unknown wallets to Coinbase.

599,999 SOL worth $12.30 million transferred from Coinbase to wallet of unknown origin
599,999 SOL worth $12.30 million transferred from Coinbase to wallet of unknown origin
599,999 SOL worth $12.30 million transferred from Coinbase to wallet of unknown origin
599,999 SOL worth $12.30 million transferred from Coinbase to wallet of unknown origin
965,375 SOL worth $19.90 million transferred from Coinbase to wallet of unknown origin
509,704 SOL worth $10.47 million transferred from wallet of unknown origin to Coinbase
509,704 SOL worth $10.47 million transferred from wallet of unknown origin to Coinbase
509,704 SOL worth $10.47 million transferred from wallet of unknown origin to Coinbase

It costs virtually nothing to make multi-million-dollar transactions on Solana.

At time of writing, SOL is trading for $22.48.

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