{"id":567348,"date":"2023-12-29T11:30:54","date_gmt":"2023-12-29T11:30:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=567348"},"modified":"2023-12-29T11:20:30","modified_gmt":"2023-12-29T11:20:30","slug":"solana-price-fell-8-to-98","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/solana\/solana-price-fell-8-to-98\/","title":{"rendered":"Here\u2019s The Reason The Solana price Fell 8% To $98"},"content":{"rendered":"
The Solana price growth for the past few months seems to <\/span>have hit a barrier<\/span><\/a> just above the $120 price level. The price of Solana (SOL) <\/span>fell around 8%<\/span><\/a> on Thursday to about $98, showing the sheer volatile nature of the crypto market.\u00a0<\/span><\/p>\n As a result, Solana <\/span>slipped below BNB<\/span><\/a> in market cap rankings, as the <\/span>latter rallied 9%<\/span><\/a> to take back the fourth spot. According to on-chain data, there’s been an increase in transfers of what looks like profit-taking from Solana whales.\u00a0<\/span><\/p>\n When whales move a lot of crypto, they can really shake things up. According to Lookonchain, an anonymous investor deposited 303,756 SOL tokens worth approximately $38.2 million on Binance, possibly as part of a selloff. Further details show this particular whale has made strategic SOL trades in the past, making huge profits.\u00a0<\/span><\/p>\nLarge Whale Sells $38.2 Million in SOL Tokens<\/h2>\n