Is Solana worth investing in now? Let's take a look at what the whales are doing.
As Bitcoin fell, the entire cryptocurrency market was turbulent, and the price of Solana also fell all the way. This altcoin with a large market value is now valued at about $112 billion, with a daily trading volume of $4.6 billion. In the past four days, it has fallen by more than 12%, and by noon European time on Friday, it was about $191 per coin.
As a result, Solana's leveraged market suffered heavy losses, with $20 million wiped out, and long traders suffered the most. In addition, its futures open interest also fell, and now it is only about $5.79 billion.
Let's talk about those big guys. A big Solana user has been unstaking recently and depositing tokens to Binance. In just 24 hours, he unsold more than 240,000 SOL and deposited more than 240,000 SOL to Binance. It seems that he wants to cash out quickly after making a wave of money in 2024.
The Solana network is mainly supported by investors who want to make money by staking. According to statistics, there are now more than 1.2 million active stakers, staking more than 3.9 billion SOL, worth about $75 billion.
As for the price of Solana, in the short term, it depends on the market reaction after Trump's election. Although it has risen before, it is now testing the support line again. Technically, the price is approaching the key support level of $180. Whether it can hold in the next few days depends on whether it can avoid falling to between $120 and $150.
For the next layout direction, I will lead everyone to aim at the profit opportunities of the cottage, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and take you to layout the entire bull market!
