The post Solana Price Dips Below $200 as Whale Withdraws $5M in SOL appeared on BitcoinEthereumNews.com.

Solana price remains below the $200 mark as market uncertainty lingers, intensifying bearish pressure. The broader crypto market has seen corrections, impacting major assets like Bitcoin (BTC), which now trades near $96k. Whale activity, including a $5 million SOL withdrawal, suggests cautious sentiment. Investors closely watch economic indicators, with markets likely to remain range-bound until the next CPI report provides further direction. Solana Price Breaks Below $200 as Whale Withdraws $5M in SOL Lookonchain data reveals that a prominent whale withdrew 25,306 SOL, valued at $5 million, from Coinbase within three hours. The movement suggests the investor may be accumulating more AI-related tokens, which could impact the Solana Price. This follows a significant purchase made a day earlier when the same entity spent 38,138 SOL, worth approximately $7.8 million, acquiring ARC and Ai16z tokens. The large-scale transactions indicate continued interest in AI-driven crypto assets. Solana’s price recently dipped below the $200 mark amid increased whale activity.  Additionally, the Lookonchain data indicates that a large investor offloaded 4.09 million Fartcoin for 11,578 SOL, valued at $2.26 million, just an hour ago. The sale resulted in a significant loss of approximately $2.21 million. Transaction records show the whale accumulated these tokens between January 19 and February 10, purchasing them at an average price of $1.09. The steep loss suggests a shift in strategy or a reaction to market conditions. The move comes amid heightened volatility in the cryptocurrency market, where sudden large-scale sell-offs can impact liquidity and investor sentiment. Solana Price Slips as Crypto Market Faces Fresh Turmoil Solana price has hovers below $200 as the cryptocurrency market struggles amid economic concerns. BTC dipped to $95k, fueling bearish sentiment. Altcoins like ETH and XRP also faced declines, reversing earlier gains.  The downturn follows macroeconomic developments ahead of the upcoming consumer price report,…

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Filed under: News - @ February 12, 2025 8:25 pm