Solana Whale Purchases $52.78 Million in SOL After Selling at $115
A Solana whale purchased 374,161 SOL for $52.78 million at $141 after selling 451,594 SOL for $51.86 million at $115 earlier. This purchase coincided with a 50% increase in 24-hour trading volume.
- The current price of SOL is around $140, with a 9% increase over the past month.
- The number of wallets holding over 10,000 SOL rose by 1.53% in the last week, from 4,943 to 5,019.
- Solana recorded 28.4 million active addresses in the past week, surpassing Ethereum, Bitcoin, and other major blockchains.
- On April 20, Solana briefly overtook Ethereum in total staked value.
- The SOL/ETH ratio increased nearly 10x since June 2023.
- An analyst predicted a potential 1,300% surge in SOL price, targeting $2,000, citing network metrics.
- The RSI on SOL's daily chart is at 58.78, indicating bullish momentum with resistance around $145–$150.
- Bollinger Bands suggest increased volatility, while the MACD shows a classic bullish signal but may indicate a bearish crossover if buying momentum fades.
- Investor Ted Pillows expects a rally towards $160–$180 by May and potentially new all-time highs by Q3 2025.
SOL is currently 52% lower than its peak of $294, reached on January 19, 2025.