Solana Investor Stakes 87,328 SOL Tokens Worth $14.8 Million
A significant Solana investor, with the wallet address Guf5kl, has staked 87,328 SOL tokens valued at approximately $14.8 million. This transaction drew attention amid meme coin controversies impacting Solana.
Solana Whale Bets Big amid Meme Coin Chaos
- The crypto market faces challenges, particularly with meme coins like LIBRA, TRUMP, and MELANIA declining.
- The whale's staking decision offers some optimism for Solana's recovery towards the $200 mark.
- Despite recent price drops causing investor panic, this move has boosted trader confidence in Solana’s future.
- Activity on the Solana network is slowing, alongside allegations of insider trading related to meme coin launches.
- The LIBRA scandal, linked to Argentinian President Javier Milei, saw its market cap rise over $4 billion before crashing.
- Allegations include liquidity pool manipulation and a trader cashing out $107 million, contributing to market panic.
- At press time, Solana was trading at $169.85, up 2.57% in 24 hours, with a market cap of $83.38 billion.