Major Whale Movements on Solana Suggest Future Growth
Significant deposits and withdrawals by key players like Pump.fun indicate that large investors are paving the way for Solana's (SOL) price growth. Pump.fun deposited 798,869 SOL worth approximately $154 million on the Kraken exchange while selling 264,373 SOL for $41.64 million USDC. Other whales have withdrawn over 250,000 SOL in the past month, highlighting efforts to manage liquidity and influence market conditions.

The accumulation of SOL could reduce circulating supply, stabilizing prices and driving growth. This move suggests that whales are betting on Solana’s future price surge.

Solana's Network Speed Surpasses 1,300 TPS
One of Solana’s standout features is its incredible speed. The network processes over 1,300 transactions per second (TPS), showcasing its capability to support large-scale decentralized applications and meet user demands.
This milestone underscores Solana's technical prowess in blockchain networks, enabling efficient scalability and increasing its appeal to developers and users. As a result, Solana solidifies its position as one of the most powerful blockchains in the market.

Price Action: Solana Targets $280
On the four-hour chart, SOL is consolidating in a critical range between $238.20 and $239.12, with a bullish trend signaling potential resistance at $242.10. If Solana continues its upward momentum, the target price of $280 represents a key threshold for further growth.

Technical indicators such as MACD and stochastic RSI point to buying pressure, although a minor short-term dip is possible. However, the price remains bullish, indicating the potential for further strengthening.
Solana: Ready for the Future
With growing adoption and innovations like high TPS, Solana is cementing its position in the market. Its infrastructure and technological advantage attract new projects and support decentralized applications, affirming its status as a leader in the blockchain space.

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Rapid Profit Through $SHIRO Trading
A well-known crypto trader, nicknamed sniper, earned an astounding $8.3 million in just 18 hours by trading $SHIRO tokens. This impressive profit came shortly after the Shiro Neko team announced the contract address for $SHIRO.
Using nine crypto wallets, the sniper purchased 18 trillion $SHIRO for 41.48 ETH, equivalent to approximately $151,000. According to data analysis by Lookonchain, these purchases occurred almost immediately after the contract address was announced.

Sniper Sells $SHIRO for Over $8 Million
Following this massive purchase, the sniper sold 15.6 trillion $SHIRO for 2,319 ETH, amounting to $8.44 million. The contract address was officially announced on December 2, 2024, at 20:03 UTC, but records show that several wallets had already purchased $SHIRO before the public announcement. This raises concerns about potential use of insider information.
Market Volatility and Questions of Fairness
This event highlights the fast-paced and highly volatile nature of the crypto market but also raises questions about fairness and transparency. Competing in such an environment can be challenging, especially for regular traders without access to privileged information.
The incident underscores the need for better regulation of crypto trading, ensuring equal access to information for all participants. Fair practices could help build trust and integrity in the market.
$SHIRO as an Example of High Risk and Reward
The rapid rise and subsequent drop in $SHIRO’s value illustrate that cryptocurrencies are a space of significant opportunities but also substantial risks. For investors, it’s a reminder that success in the crypto market often requires speed, knowledge, and a willingness to face high volatility.

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The US government has transferred cryptocurrencies worth $33.6 million from wallets labeled as "FTX Alameda Seised Funds" to two unidentified addresses. These funds were confiscated from the collapsed crypto exchange FTX and its trading firm Alameda.
Crypto Transfers in Multiple Transactions
On Tuesday, the government carried out several transactions, including:
5,024 ETH (worth approximately $18 million) to addresses starting with "0x9cd" and "0x9ac."Other tokens worth $13 million, including BUSD, SHIB, and various others such as AERGO, POWR, AXS, YFI, WBTC, NMR, COMP, SRM, and RLC.
Crypto Market Rally
The transfers coincided with a notable rally in the cryptocurrency market. Ethereum (ETH) increased by 0.3% in the past 24 hours, trading at $3,643, a significant rise from $2,460 a month ago.
Record On-Chain Ethereum Volume
November saw Ethereum achieve its highest on-chain transaction volume of 2023, reaching $183.74 billion. This growth is attributed to a shift in capital from centralized exchanges (CEX) to on-chain activities.
According to The Block Research, this trend reflects market participants reallocating their assets across different risk curves to optimize investments amid the current market conditions.

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Historic Trading Amidst Martial Law
On December 4rd, South Korea experienced a record-breaking cryptocurrency trading volume, reaching $34.2 billion within 24 hours. This surge occurred during a six-hour period of martial law declared by President Yoon Suk-yeol.
According to CoinMarketCap, leading South Korean exchanges such as Upbit, Bithumb, Coinone, Korbit, and Gopax contributed to this unprecedented volume. Upbit, the largest exchange in the country, alone processed $27.25 billion worth of cryptocurrencies.
A Doubling of Trading Volume from the Previous Day
This 24-hour record nearly doubled the trading volume from December 2nd, which had already garnered attention with $18 billion in transactions, surpassing the daily turnover of the South Korean stock market. Tuesday’s trading activity marked the highest single-day total for 2024, according to the local news portal Digital Asset.
Political Crisis as a Catalyst for Trading
Investor panic was triggered after President Yoon declared martial law, aiming to "protect democracy" from alleged anti-state activities linked to the opposition leftist party. Local traders rushed to sell off their cryptocurrencies, leading to significant price drops on South Korean exchanges.
For example, the price of Bitcoin on Upbit temporarily plunged to 88 million won (approximately $62,182). Similar declines were seen in other cryptocurrencies, while exchanges struggled with technical outages due to a massive surge in user activity.
Situation Stabilizes as Martial Law is Lifted
President Yoon lifted martial law after six hours, following a unanimous decision by lawmakers at an emergency session. Cryptocurrency prices subsequently stabilized, and exchanges resumed normal operations.
Opposition Response and Political Fallout
The opposition party announced plans to charge President Yoon, the Minister of Defense, and the Minister of the Interior with treason. They are also seeking their removal from office.
Speculations About the President's Future
On the decentralized prediction market platform Polymarket, speculations about President Yoon's potential departure surged. The likelihood of him leaving office this year temporarily spiked to 78% before dropping back to 47%. If he serves his full term, Yoon's presidency is set to end in May 2027.
This event highlights the significant impact political crises can have on markets, particularly in countries with active cryptocurrency trading.

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A Significant Purchase Amid Market Volatility
A major investor, referred to as a whale, recently made a notable purchase of $VIRTUAL tokens during a downturn in the cryptocurrency market. According to data from Spot On Chain, the investor acquired 1.54 million $VIRTUAL tokens for 575 ETH, equivalent to approximately $2.12 million. This transaction occurred when the token's price dropped by 12%, suggesting the whale's confidence in the asset's future value.

Strategic Move Amid Market Correction
This whale has a history of actively trading $VIRTUAL tokens, demonstrating a strong preference for this asset. For instance, three days prior to this purchase, the same investor earned $17,000 from a single trade within 24 hours, achieving a 17% profit. However, this latest acquisition is significantly larger, indicating a stronger conviction that $VIRTUAL could rebound or grow further.
This purchase follows a recent 137% price surge for the token over the past week, which elevated its popularity in the market. After this rapid growth, the subsequent market correction appears to have provided an opportunity for the whale to accumulate at a lower price point.
PnL Metrics Reveal Risks and Losses
While this acquisition reflects confidence, on-chain activity metrics show potential risks. The realized loss currently stands at $4,202 (3.54%), while unrealized losses amount to $23,963 (-1.12%). Whale investments, however, are often strategic moves designed to maximize long-term gains.
Broader Implications for $VIRTUAL
The $VIRTUAL token, closely tied to artificial intelligence, has shown significant price volatility and increasing trading volumes. This whale’s purchase raises questions about whether this marks the start of a value turnaround for the token or if it is part of a speculative play.
Traders and analysts continue to closely monitor the token’s activity to determine whether it signals the beginning of a longer bullish trend or if further price fluctuations are on the horizon. Blockchain enthusiasts can track whale movements and related transactions in real-time using Spot On Chain monitoring tools.

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