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It's Big & Big #alert About $SOL #whales_game !!!!
Solana (SOL) Market Trends and Whale Transactions
Solana (SOL) is currently trading below the critical $150 level, yet it seems to maintain a bullish outlook in the short term according to some analyses. What exactly is happening in the market with Solana (SOL)?
Whales and SOL Transactions
Indeed, the $150 level is seen as a crucial milestone for SOL to reach its all-time high.
Especially, the increase in the number and volume of meme coins launched on the platform in recent blockchain projects contributes to SOL’s prominence.
However, SOL’s short-term upward momentum could change considering the latest transactions involving whales.
Particularly, according to information shared by Whale Alert about 2 days ago, on April 27, significant transactions were made containing more than 22 million SOL tokens valued at over 3 billion dollars.
The first transaction involved moving approximately 11 million SOL tokens worth about $1.53 billion from an unknown wallet to another unknown wallet. In the second transfer, 11.1 million SOL tokens worth $1.55 billion were moved to another unidentified wallet.
While the basis of these whale transactions is unknown, such activities generally create significant market movements.
The AI application indicates that by May 27, SOL will trade at $162 after a 14% increase from its current price outlook. It assumes SOL will trade within a certain range, predicting a price of $143.74 by May 1.