• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Solana Price Falls 5% as Whale Activity Triggers Decline

user avatar

by Giorgi Kostiuk

a year ago

Solana's current market situation has attracted investor attention following a significant transaction that led to a notable drop in token value.

Whale Activity Triggers Solana Price Decline

The 5% price decline of Solana is linked to a large transaction on the Kraken exchange. Tokens valued at $20.49 million were transferred from a wallet belonging to Pump Fun.n, leading to a 51.48% increase in trading volume.

Pump fun: Fee Account transferred about 98,594 SOL to Kraken at 1:04 UTC+8 today through a wallet: 8sp5im...Rac3sM, worth about 20.49 million US dollars. Currently, pump fun still holds 15,721 SOL and 101,102 JITSOL, with a total value of about 27.10 million US dollars.Wu Blockchain

Market Metrics Indicate Volatility

Solana's market capitalization fell by 5.08% to $95.41 billion. The trading volume rose to $5.21 billion, largely due to the whale transaction. Currently, 81.7% of available tokens are being traded, highlighting market volatility.

Solana Support and Resistance Levels

Key support and resistance levels impact Solana's near-term trend. The $194 level is the initial support, with a threat of increased selling pressure below it. Breaking the $200 level could signal a potential trend reversal.

Whale activity significantly impacts Solana's price, leading to short-term fluctuations. Future recovery will depend on the market's supply and demand balance.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Crypto Faces Electoral Setback in Illinois

chest

Lieutenant Governor Juliana Stratton defeats pro-crypto Representative Raja Krishnamoorthi in the Democratic Senate primary in Illinois, marking a significant setback for the crypto industry.

user avatarKenji Takahashi

Vanity Fair's Controversial Profile of Crypto Believers Sparks Backlash

chest

A Vanity Fair article titled 'Crypto's True Believers' criticizes long-time crypto participants, leading to backlash from the crypto community.

user avatarMaria Fernandez

Ethereum Introduces Fast Confirmation Rule to Improve Transaction Speeds

chest

Vitalik Buterin announces a new Fast Confirmation Rule (FCR) for Ethereum to guarantee block stability after 12 seconds, significantly improving transaction speeds for exchanges and Layer 2 systems.

user avatarGustavo Mendoza

SBI ARUHI Reveals XRP Shareholder Benefit Eligibility Criteria

chest

SBI ARUHI announces eligibility criteria for shareholders to receive XRP rewards, requiring a minimum of 100 shares to qualify.

user avatarMiguel Rodriguez

SBI ARUHI to Reward Shareholders with XRP Starting March 31, 2026

chest

SBI ARUHI, Japan's largest mortgage lender, announces a new initiative allowing shareholders to receive rewards in XRP, effective March 31, 2026.

user avatarRajesh Kumar

MATHVISTA Benchmark Test Highlights AI Limitations

chest

This week, results from the MATHVISTA benchmark test revealed that current AI models, including ChatGPT and GPT-4 Vision, still fall short of human reasoning capabilities.

user avatarLuis Flores

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.