Solana seeing intense trading activity as SOL whales make major moves
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However, this Solana transfer can have a bearish impact on the price. Major crypto sell-offs typically trigger a price dip. Solana can witness such a scenario in light of this massive transaction. But it should be noted that this bearish impact is for the short term only and may not be too negative for the market.The price of SOL has managed to endure this sell-off pressure. As of writing, it is trading at $178, after a notable jump of 3.62% in the last 24 hours.
In a broader perspective, the SOL price has managed to surge 32.81% over the past month. This highlights the sustained bullish momentum for the coin. Notably, there is speculation of approval for With over three years of immersive experience in the crypto industry, Mushumir is a seasoned crypto writer dedicated to unraveling the complexities of blockchain technology and decentralized finance.
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