Date: Sat, Sept 14, 2024, 10:58 AM GMT
The cryptocurrency market has seen a wave of bullish momentum this week, especially in altcoins, fueled by Bitcoin's (BTC) impressive 10.45% jump over the last seven days. This surge has had a ripple effect on other major cryptocurrencies, including Solana (SOL), which has climbed by 7.72% during the same period and is now trading at $137.14.
Historically, the fourth quarter tends to be a strong period for the crypto market, and it seems that whales are gearing up for another potential rally. According to on-chain tracking service Lookonchain, a crypto whale made a significant move by purchasing an additional 10,000 $SOL , worth approximately $1.37 million, and staking it just 11 hours ago.
Source: Lookonchain (Solscan)
In total, this whale has been busy accumulating SOL over the past month, staking a total of 50,000 SOL, valued at $6.85 million. From this massive stake, the whale has already generated 174 SOL in rewards, which is worth about $23,700.
Earlier today, Lookonchain reported that after Bitcoin's price surged past $60,000, the another whale purchased another 1,062 BTC, worth a staggering $63.96 million. The whale's BTC holdings now stand at 10,043 BTC, worth over $603 million.
These big buys and stakes suggest that crypto whales are positioning themselves for further gains, signaling growing confidence in the market as we move deeper into Q4.
Get more updates at: coinsprobe.com
Disclaimer: Cryptocurrency investments carry a high level of risk. Always conduct your own research before investing.
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