<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/whale-transfers-2-5-million-solana-worth-372-million-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whale Transfers 2.5 Million Solana Worth $372 Million</a><br></p>
<p style="text-align: justify">An unknown whale transferred 2.5 million <a href="https://en.coin-turk.com/helius-secures-9-5-million-investment-for-solana-development/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> (SOL) worth approximately $372 million, causing a stir. This transaction occurred during a period when Solana’s price was declining.</p>
<h2 style="text-align: justify" id="solana-and-whale-transactions">Solana and Whale Transactions</h2>
<p style="text-align: justify">Whale Alert, known for tracking whale movements on the blockchain, detected a significant transaction. About 12 hours ago, a whale transferred 1,000,000 SOL worth $147.85 million from one unknown wallet to another.</p>
<p style="text-align: justify">Following this, another transaction of 1,519,488 SOL worth approximately $224.64 million occurred between unknown wallets, causing fear and questions in the market.</p>
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-362607" src="https://coin-turk.com/wp-content/uploads/2024/06/solana-whale-hareket-coin-turk-com.png" alt="" width="711" height="375"></p>
<p style="text-align: justify">More importantly, these transactions occurred during a period of declining SOL prices. After a 4% drop in the last 24 hours, the SOL price fell to $142. Additionally, Solana’s market cap dropped to $65 billion, while its trading volume increased by 9% to $2.27 billion, sparking rumors of sales.</p>
<h2 style="text-align: justify" id="solana-comments">Solana Comments</h2>
<p style="text-align: justify">The decline in Solana is not unique to it, as the rest of the market also experienced significant drops. This situation reflects on both cryptocurrency prices and volumes.</p>
<p>It is believed that the statements made by officials throughout the week had a significant impact on this situation. There are rumors that actions to reduce US inflation to 2% have pushed risky assets to this point.</p>
<p style="text-align: justify">Additionally, whale movements are thought to have a significant impact on the market. It is said that sales and restructuring movements by institutional companies affect small <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a> and trigger panic sales.</p>
<p style="text-align: justify">Although the recent Solana whale movement worth approximately $372 million did not trigger a fear of sales since it was from wallet to wallet, it is said that transferring these cryptocurrencies to exchanges in the coming days could trigger a larger price drop.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/whale-transfers-2-5-million-solana-worth-372-million-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whale Transfers 2.5 Million Solana Worth $372 Million</a></h5>

Whale Transfers 2.5 Million Solana Worth $372 Million

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