Solana’s recent price action may also be influenced by significant whale activity. A report from Lookonchain on X revealed that a whale has sold 594,000 SOL, equivalent to $86 million, since January 2024.

The sales have been consistent, with the whale depositing large amounts of SOL to major exchanges, including Coinbase, Binance, and OKX, at an average rate of one sale per week. #Solana_Blockchain #solonapumping