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Solana Whale Sell-Offs Threaten $1,000 Dream, But Fundamentals Remain Strong Newsbtc 15 اوت 2024

Solana Whale Sell-Offs Threaten $1,000 Dream, But Fundamentals Remain Strong 🐳

A Solana (SOL) whale has been selling off significant holdings, potentially impacting Solana’s price and the move to $1,000. Despite this, Solana’s fundamentals remain strong, indicating a potential rally.

According to on-chain analytics from Lookonchain, a single whale has sold 594,000 SOL ($86 million) this year, depositing to Coinbase, Binance, and OKX. The last sale was on August 12 for 5,000 SOL ($720,000). The whale now holds only 0.1 SOL.

Another concern is the Pump.fun launchpad, which has sold 222,073 SOL for 35.54 million USDC at an average price of $160 over the past three months. The account still holds 274,583 SOL ($39.7 million), potentially adding selling pressure.

Crypto analysts like Ali Martinez and Crypto Kaleo predict that SOL could reach $1,000. They compare Solana’s growth potential to Ethereum's, which hit an ATH of $4,800.

Solana’s fundamentals, including a possible Spot Solana ETF launch in the US, suggest a significant rally. Solana also competes well with Ethereum in decentralized exchange (DEX) volume, with $8.667 billion traded in the last seven days compared to Ethereum’s $10.126 billion.

منبع: www.newsbtc.com ↗

مقالات مشابه (150)

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Exploring the Possibilities: Could Solana (SOL) Maintain Its 606% Price Surge Amid Market Speculation? Coinotag 2 هفته پیش
Exploring the Possibilities: Could Solana (SOL) Maintain Its 606% Price Surge Amid Market Speculation?
Will Solana (SOL) Price Rally Continue After FTX’s Major Token Movements? Coinotag 12 سپتامبر 2024
Will Solana (SOL) Price Rally Continue After FTX’s Major Token Movements?
Exploring Potential Outcomes for Solana (SOL) as Market Dynamics Shift: Can Bulls Spark a Rebound? Coinotag 2 هفته پیش
Exploring Potential Outcomes for Solana (SOL) as Market Dynamics Shift: Can Bulls Spark a Rebound?
Solana’s Bullish Potential Driven by Increased Network Activity and Key Partnerships, Analysts Say Coinotag 02 اکتبر 2024
Solana’s Bullish Potential Driven by Increased Network Activity and Key Partnerships, Analysts Say
Solana Price Poised for Massive Gains: Analysts Predict Potential Surge to $220 Coinotag 01 اکتبر 2024
Solana Price Poised for Massive Gains: Analysts Predict Potential Surge to $220
Solana Dominates Future of Tokenized Assets with Key Financial Partnerships and Anticipated 30% Price Rally Coinotag 21 سپتامبر 2024
Solana Dominates Future of Tokenized Assets with Key Financial Partnerships and Anticipated 30% Price Rally
Exploring the Potential Rise of Solana (SOL): Could a New All-Time High Be on the Horizon? Coinotag 1 هفته پیش
Exploring the Potential Rise of Solana (SOL): Could a New All-Time High Be on the Horizon?
Solana (SOL) Set for a Bullish Reversal as Trading Volume Surges Despite Price Correction Coinotag 27 اوت 2024
Solana (SOL) Set for a Bullish Reversal as Trading Volume Surges Despite Price Correction
Why Solana (SOL) is the Top Asset Choice Ahead of Election Volatility Coinotag 1 هفته پیش
Why Solana (SOL) is the Top Asset Choice Ahead of Election Volatility

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