As the fourth largest digital currency in the cryptocurrency circle, although its growth has slowed down after its historical high, it does not seem to have stopped the enthusiasm of "whales". According to data from Lookonchain, whale-level investors have quietly purchased SOL worth up to $60 million in the past month.

The price of SOL has experienced a correction of about 8% in the past seven days, which is a natural adjustment after a wave of fierce increases. However, the overall market value of the Solana ecosystem has exceeded the $342 billion mark, of which Pump.fun and the emerging SOL-based MEME coins have contributed greatly, and they are gradually emerging.

According to data shared by Lookonchain, two wallets have accumulated more than 250,000 Solana coins from the Kraken platform in the past month, equivalent to about $600 0 million.

Two wallets (most likely owned by the same person) withdrew 250,109 SOL from Kraken — this is the surprising discovery released by Lookonchain on November 29.

Despite the recent decline, Solana is still up 34% in the past 30 days. As of now, the average trading price of SOL is $241.31, while the 24-hour trading volume has fallen by 32% to $3.76 billion. The token hit an all-time high of $263.83 on November 23, surpassing BNB's status in one fell swoop.

Meanwhile, Pump.fun is in a crazy deposit boom, and data shows that its associated wallet has sold another 65,000 SOL to the Kraken platform.

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