Solana (SOL) experienced a 8% drop in price on Thursday, indicating the volatility of the crypto market. A single whale, identified by Lookonchain, dumped 303,756 SOL ($38.2 million) on Binance, triggering a wave of selling. This was not the whale's first time, as data shows this particular whale has a history of strategic SOL trades, reaping hefty profits along the way. In September, the whale withdrew SOL at $20, then deposited it again at $43 in November, pocketing a cool 115% profit. Even after this recent sale, the whale still holds a sizable stake worth over $17 million. Despite recently flipping XRP on the market cap rankings and surging past BNB to #4, these transactions pushed SOL down enough for BNB to surpass it again in the rankings.

Solana has experienced a 6.57% in 24 hours, clawing back to $105.88, demonstrating its enduring bullish momentum. Its current trading volume of $45 billion shows the bulls doing their best to keep their digital asset afloat and not yielding any ground to a further decline. The recent surges have shown that SOL has potential, and this performance is enough to strengthen the faith of the Solana community despite this minor setback.$SOL 🧧