SOL Price Drop Makes BNB Whales Pick It up Massively

Solana

Solana (SOL) price rises as this group of investors fills Solana bags

According to WhaleStats, Solana (SOL) has once again become one of the most purchased cryptocurrencies by the largest BNB holders in the past 24 hours. Diving into the data, one can see that the top 100 investors in this group had an average buy size of 60 SOL, or $1,010. In addition to Solana, DOGE was also interested in BNB whales, which although in small quantities were actively being bought.

Whale buying came at a time when the SOL price rebounded from its March 2021 low. The cryptocurrency rose from $12.34 to $17.8, showing an increase of 45% in relative terms. However, the current rise does not yet cover a third of the decline that Solana had to endure as a result of the massive sell-off following the FTX crash.

solana status

While the price of SOL is taking investors on a rollercoaster ride, official Solana sources are responding by noting the performance of the blockchain and focusing more on this particular aspect in general.

Earlier, the Solana Labs team presented a thread describing the current state of the blockchain. According to it, Solana now has 3,621 nodes running and 2,160 validators, with 11.5 million active accounts. After the departure of Hetzner, a new portion of Solana validators will move to Google Cloud as part of a formal partnership.

admin

Read Previous

Troubled Crypto Exchange FTX Files for Chapter 11 Bankruptcy Protection, CEO Steps Down

Read Next

When Bitcoin Hits $10K-$12K, I Will Get Excited: “Rich Dad, Poor Dad” Author

Leave a Reply

Your email address will not be published. Required fields are marked *

Right Menu Icon