Solana beats Ethereum on THESE fronts, but sell-offs could hit SOL hard – How?
The post Solana beats Ethereum on THESE fronts, but sell-offs could hit SOL hard – How? appeared on BitcoinEthereumNews.com.
One whale has continued selling off its ETH position and is increasingly adopting SOL as a better option. The path ahead for Solana isn’t certain, as sell offs begin to increase gradually. Solana [SOL] and Ethereum [ETH] remain two of the most valuable cryptocurrencies, with market capitalizations of $71.93 billion and $190.41 billion, respectively. However, when comparing both tokens in terms of market growth and liquidity flow, Solana currently leads. AMBCrypto found that SOL might continue to attract more liquidity than ETH, allowing it to outperform and trade at higher levels. Whale finds SOL a better option than ETH One market whale, known for controlling notable liquidity, has significantly reduced its exposure to Ethereum, diverting funds into Solana as a preferred investment. According to Lookonchain, the whale—Galaxy Digital—sold 65,600 ETH worth $105.48 million and accumulated 752,240 Solana worth $98.32 million over the past week, facilitated through Binance. This significant divestment from Ethereum and near-equivalent investment in Solana suggests growing sentiment in favor of the latter. Several factors may drive this shift, including other whales selling their ETH and the asset’s recent price decline. Source: TradingView AMBCrypto compared the SOL/ETH daily chart to assess performance and liquidity flow. The analysis shows Solana has the upper hand. At the time of writing, the SOL/ETH pair is aiming to breach its all-time high. It continues to rise and is less than 0.01 away from crossing that level. When the SOL/ETH price rises, it suggests Solana is attracting more market liquidity than Ethereum and appears more valuable to investors during that period. Solana rally driven by protocol growth Recent interest in Solana among market participants stems from the growth of protocols on its network. The total value locked (TVL), which reflects protocols’ valuation, has continued to rise. Source: DeFiLlama Over the past month, Solana’s…
Filed under: News - @ April 22, 2025 8:22 pm