Is Solana Fall Coming as Smart Whale Cashes Out $3.86M During Peak?
The post Is Solana Fall Coming as Smart Whale Cashes Out $3.86M During Peak? appeared on BitcoinEthereumNews.com.
A whale recently sold $3.86 million in Solana at a its latest price peak, sparking speculation of a potential top. Solana (SOL) has emerged as the standout performer among large-cap altcoins today, demonstrating notable momentum. At the time of reporting, Solana’s price reached $164.68, marking a 4.40% increase within the last 24 hours and a 7.72% rise over the past week. This upward trajectory aligns with broader market trends, positioning Solana as a favored choice for traders. Notably, smart money has actively influenced recent SOL movements, with a major whale maneuvering his holdings to capitalize on this trend. Smart Money’s Strategic Pattern Lookonchain, a smart money tracker, recently reported that a prominent whale sold 22,726 SOL worth $3.86 million. This move aligns with the whale’s typical pattern—buying at low levels and selling during price peaks. The whale currently holds 20,000 SOL, amounting to $3.33 million, while his total profits exceed $2.5 million. A smart whale sold 22,726 $SOL($3.86M) at a price peak 3 hours ago. This smart money always buys $SOL at low prices and sells at highs. He currently holds 20,000 $SOL($3.33M), with a total profit of over $2.5M!https://t.co/e3Pgb1aMQq pic.twitter.com/n3AbKFpf24 — Lookonchain (@lookonchain) October 21, 2024 https://x.com/thecryptobasic The whale made purchases during Solana’s early uptrend between November and March, starting with a purchase of 6,187 SOL at lower levels, followed by additional buys of 3,399 SOL and 259 SOL. A smaller acquisition of 155 SOL also took place at a peak. The mid-year period from May to June saw notable volatility. The whale made a 2,300 SOL purchase when prices dipped below $150. Subsequently, as prices rebounded, the whale initiated selloffs, starting with 2,300 SOL and scaling up to 10,000 SOL. A significant buy of 24,517 SOL during a dip suggested a renewal of accumulation, followed by an 1,891…
Filed under: News - @ October 21, 2024 7:19 pm