{"id":572653,"date":"2024-02-01T18:00:43","date_gmt":"2024-02-01T18:00:43","guid":{"rendered":"https:\/\/uniquehot.com\/?p=572653"},"modified":"2024-02-01T09:47:41","modified_gmt":"2024-02-01T09:47:41","slug":"solana-whales-sol-price-90","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/solana\/solana-whales-sol-price-90\/","title":{"rendered":"Solana Whales Move $82 Million Worth Of SOL, Will Price Crash Below $90?"},"content":{"rendered":"

Two high-volume transactions involving <\/span>Solana (SOL)<\/span><\/a> have caught the attention of the crypto community considering the impact they could have on the <\/span>crypto token\u2019s price<\/span><\/a>. Moreover, these transactions have come at a time when SOL risks dropping below the psychological price level of $90.\u00a0<\/span><\/p>\n

Solana Whales Move $82 Million Worth Of SOL<\/h2>\n

Data<\/span><\/a> from the blockchain analytics platform Whale Alert shows that an unknown wallet address (7v2M…Ao3C) moved 659,283 SOL to another unknown wallet address (3vxh…gkom). The movement of such a <\/span>significant amount of SOL<\/span><\/a> has raised speculations as to what the intention of the wallet owner might be.<\/span><\/p>\n

Related Reading: Ripple IPO: Wall Street Veteran Explains Why Shares Could Surge 2000% Before Public Listing<\/a><\/div>\n

A <\/span>common theory<\/span><\/a> is that the transaction might have been made in a bid to offload these crypto tokens. That could have a negative impact on <\/span>SOL\u2019s price<\/span><\/a>, considering how much is involved. However, the fact that the SOL tokens weren\u2019t sent to a centralized exchange helps to counter this theory and raises the possibility of the tokens being transferred for other purposes.\u00a0<\/span><\/p>\n

Meanwhile, the second recent whale move provides some needed relief to the Solana community, considering the nature of the transaction. <\/span>Data<\/span><\/a> from Whale Alert shows that 150,000 SOL was sent from a wallet address linked to the Bybit crypto exchange to an unknown wallet address (42br…pJFd).<\/span><\/p>\n

Moving tokens from a <\/span>centralized exchange (CEX) like Bybit<\/span><\/a> usually passes a bullish narrative as it suggests that the token holder was likely moving their tokens to cold storage. Such a move also means that the Solana whale in question was planning on holding the token long-term, as they believe in its potential to <\/span>make more gains<\/span><\/a> in the future.\u00a0<\/span><\/p>\n

\"Solana<\/p>\n

SOL price at $95 | Source: SOLUSD on Tradingview.com<\/a><\/pre>\n
SOL To Drop Below $90?<\/h2>\n
Like the rest of the broader crypto market, SOL has recently suffered a decline in its price, dropping below the <\/span>$100 support level<\/span><\/a> in the process. This <\/span>current downward trend<\/span><\/a> has also raised fears that SOL could retest the $90 price level and even drop below it if it is unable to find support at that level.\u00a0<\/span><\/p>\n
Related Reading: Crypto Analyst Predicts Shiba Inu Price To Surge Above $0.00001<\/a><\/div>\n
Crypto analyst Bluntz Capital<\/span><\/a> recently <\/span>provided<\/span><\/a> some insights into where SOL\u2019s price might be headed from a <\/span>technical analysis standpoint<\/span><\/a>. According to him, SOL is likely to \u201cbounce first before coming down for a C wave down into the 0.618 later on.\u201d From the accompanying chart he shared, one could see that the C wave is placed at $88.99, just below the $90 level.\u00a0<\/span><\/p>\n
\"Solana<\/p>\n
\u00a0At the time of writing, SOL is trading at around $93, down over 7% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n
Featured image from The Daily Hodl, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Two high-volume transactions involving Solana (SOL) have caught the attention of the crypto community considering the impact they could have on the crypto token\u2019s price. Moreover, these transactions have come at a time when SOL risks dropping below the psychological price level of $90.\u00a0 Solana Whales Move $82 Million Worth Of SOL Data from the blockchain analytics platform Whale Alert shows that an unknown wallet address (7v2M…Ao3C) moved 659,283 SOL to another unknown wallet address (3vxh…gkom). The movement of such a significant amount of SOL has raised speculations as to what the intention of the wallet owner might be. Related Reading: Ripple IPO: Wall Street Veteran Explains Why Shares Could Surge 2000% Before Public Listing A common theory is that the transaction might have been made in a bid to offload these crypto tokens. That could have a negative impact on SOL\u2019s price, considering how much is involved. However, the fact that the SOL tokens weren\u2019t sent to a centralized exchange helps to counter this theory and raises the possibility of the tokens being transferred for other purposes.\u00a0 Meanwhile, the second recent whale move provides some needed relief to the Solana community, considering the nature of the transaction. Data from Whale Alert shows that 150,000 SOL was sent from a wallet address linked to the Bybit crypto exchange to an unknown wallet address (42br…pJFd). Moving tokens from a centralized exchange (CEX) like Bybit usually passes a bullish narrative as it suggests that the token holder was likely moving their tokens to cold storage. Such a move also means that the Solana whale in question was planning on holding the token long-term, as they believe in its potential to make more gains in the future.\u00a0 SOL price at $95 | Source: SOLUSD on Tradingview.com SOL To Drop Below $90? Like the rest of the broader crypto market, SOL has recently suffered a decline in its price, dropping below the $100 support level in the process. This current downward trend has also raised fears that SOL could retest the $90 price level and even drop below it if it is unable to find support at that level.\u00a0 Related Reading: Crypto Analyst Predicts Shiba Inu Price To Surge Above $0.00001 Crypto analyst Bluntz Capital recently provided some insights into where SOL\u2019s price might be headed from a technical analysis standpoint. According to him, SOL is likely to \u201cbounce first before coming down for a C wave down into the 0.618 later on.\u201d From the accompanying chart he shared, one could see that the C wave is placed at $88.99, just below the $90 level.\u00a0 \u00a0At the time of writing, SOL is trading at around $93, down over 7% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image from The Daily Hodl, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":572668,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84543],"tags":[12837,89406,86420,83626,89405,85361,89776,86410,83627],"class_list":["post-572653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-sol","tag-sol-news","tag-sol-price","tag-solana","tag-solana-news","tag-solana-price","tag-solana-whales","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\nSolana Whales Move $82 Million Worth Of SOL, Will Price Crash Below $90?<\/title>\n<meta name=\"description\" content=\"Two high-volume transactions involving Solana have caught the attention of the crypto community as it could impact the SOL price.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Solana Whales Move $82 Million Worth Of SOL, Will Price Crash Below $90?","url":"http:\/\/uniquehot.com\/news\/solana\/solana-whales-sol-price-90\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/solana\/solana-whales-sol-price-90\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Solana-Small.jpeg?resize=200%2C188","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Solana-Small.jpeg?fit=320%2C188"},"articleSection":"Solana","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["sol","sol news","sol price","solana","solana news","solana price","solana whales","solusd","solusdt"],"dateCreated":"2024-02-01T18:00:43Z","datePublished":"2024-02-01T18:00:43Z","dateModified":"2024-02-01T18:00:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana Whales Move $82 Million Worth Of SOL, Will Price Crash Below $90?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/solana\\\/solana-whales-sol-price-90\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/solana\\\/solana-whales-sol-price-90\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Solana-Small.jpeg?resize=200%2C188\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Solana-Small.jpeg?fit=320%2C188\"},\"articleSection\":\"Solana\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"sol\",\"sol news\",\"sol price\",\"solana\",\"solana news\",\"solana price\",\"solana whales\",\"solusd\",\"solusdt\"],\"dateCreated\":\"2024-02-01T18:00:43Z\",\"datePublished\":\"2024-02-01T18:00:43Z\",\"dateModified\":\"2024-02-01T18:00:43Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Solana-Small.jpeg?fit=320%2C188","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/572653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=572653"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/572653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/572668"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=572653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=572653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=572653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}