solana While the price exceeded the $ 200 level, according to Lookonchain data, there were also significant developments in the network. is happening.
As Koinfinans.com reported, a whale known by the pseudonym “BU6N2Z” sent 200,000 SOL tokens worth a total of approximately 39.85 million USD to Binance in the last 48 hours. This means that the whale is selling its assets to make a profit.
Despite this sale, the wallet still has 1.62 million Solana tokens worth $323 million. While 387,000 SOLs worth $77 million remain in their wallets, 1.23 million SOLs, equivalent to $246 million, have also been staked.
This increase in whale activity coincides with the significant rise in Solana’s value over the past week.
Starting the week at $136.49, SOL exceeded the $200 threshold for the first time since November 2021 and rose to $201. This increase of approximately 40% also increased the on-chain transaction volume. As a result, Ethereum has surpassed its competitors such as Avalanche and Optimism.
Moreover, Solana’s market capitalization has surpassed the $90 billion mark, solidifying its position as one of the world’s 200 largest companies in terms of size. This increase in market value cryptocurrency It shows the effectiveness of its increasing dominance in the world and its fight against tough rivals such as Ethereum.
