Demand for Solana ($SOL) is booming, and whales are leading the charge. Following the recent volatility in the cryptocurrency market, institutional investors have begun accumulating SOL.
📌On-chain data reveals that three large investors have purchased significant amounts of SOL in the past few days:
1. First whale: Withdrew 153,511 SOL from Binance ($26.4 million) and staked it via Marinade Finance.
2. Second whale: Added 13,000 SOL to its existing wallet (95,651 SOL, $16.83 million).
3. Third whale: Bought 35,498 SOL on Binance and Kraken ($6.12 million) and staked them via Jito Network.
📌This activity suggests that investors are adopting a medium- and long-term strategy, moving away from short-term speculation.
📌Sentiment in Solana is on the rise, and its outperformance compared to other altcoins makes it a frequent talking point for the upcoming bull season.
📌Solana is a good investment because:
- High demand from institutional investors (whales)
- Growing confidence in cryptocurrency
- Medium and long term strategy
- Better performance compared to other altcoins
- Upside potential for the next season.
What do you think about the growing demand for Solana? Share your thoughts in the comments.
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