According to data from the cryptocurrency transaction tracker service Whale Alert, a large transaction has been spotted on the Solana blockchain during the past day.
The transfer in question saw the movement of about 900,000 SOL on the network, worth about $22.1 million at the time the transaction went through. As the amount involved here is quite large, it’s likely that a whale entity was behind this transfer.
Movements of the whales can sometimes have noticeable impacts on the market due to the sheer scale of the coins involved in them, so they can be something to watch out for.
All Comments