Whale moves 1.6m worth of Solana as asset hits top trending list
A Solana (SOL) whale recently moved 1.6 million tokens as the asset slips into the list of trending crypto asset s amid a massive 52% increase over the past 30 days. According to whale-tracking platform Whale Alert, the funds were worth $50.39 million at the time of the movement. On-chain data confirms that the transaction occurred today at 06:01 (UTC) and involved two unidentified Solana wallets. 1,634,618 #SOL (50,394,845 USD) transferred from unknown wallet to unknown wallethttps://t.co/2yMzqHsxsf — Whale Alert (@whale_alert) October 23, 2023 The transfer has triggered mixed reactions, especially considering the limited information surrounding it. While some market watchers posit it could signify an attempt at selloff amid the recent price surge, others speculate the movement could be geared towards self-custody. You might also like: Solana gaining momentum according to Nansen report Solana surges 52% in 30 days The substantial whale movement coincides wit...