Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Solana Whale Sold $89 Million Worth of SOL in 8 Months According to On-Chain Data
ALTCOIN NEWS

Solana Whale Sold $89 Million Worth of SOL in 8 Months According to On-Chain Data

By Crypto FlexsAugust 22, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana Whale Sold  Million Worth of SOL in 8 Months According to On-Chain Data
Share
Facebook Twitter LinkedIn Pinterest Email

According to on-chain data, crypto whales have sold tens of millions of dollars worth of Solana (SOL) since the beginning of the year.

According to blockchain tracking site Lookonchain, the whale sold its first batch of SOL on January 15.

According to on-chain data, the whale released 614,000 SOL (equivalent to approximately $89 million) to cryptocurrency exchanges Coinbase, OKX, and Binance over the next few weeks and months.

Source: Lookonchain/X

According to Lookonchain, this whale averages one sale per week.

video
Source: Lookonchain/X

A closer look at the on-chain data shows that approximately 100,000 SOL was withdrawn from staking platforms over the past 30 days and deposited into three cryptocurrency exchanges.

https://pbs.twimg.com/media/GU1ycUZbUAADvWp?format=jpg&name=large
Source: Lookonchain/X

As of this writing, SOL is trading at $142.66.

According to a recent report from digital asset manager CoinShares, millions of dollars were lost from Solana’s institutional cryptocurrency investment product last week.

“Solana saw its largest outflow on record, $39 million, as trading volumes for the heavily reliant Mimecoin dropped sharply.”

In contrast, Bitcoin (BTC) and Ethereum (ETH) investment products recorded inflows during the same period.

“Bitcoin saw the largest inflows, with a total of $42 million, while short-term Bitcoin ETFs (exchange-traded funds) saw outflows for the second week in a row, with a total of $1 million.

Ethereum only saw $4.2 million inflows last week, but this masked the flurry of activity, with new providers seeing $104 million inflows while Grayscale saw $118 million outflows.”

Don’t miss out – subscribe to receive email notifications straight to your inbox

Price check task

Follow us XFacebook and Telegram

Surfing the Daily Hodl Mix

&nbsp

Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

Generated image: Midjourney

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025
Most Popular

DAO Wars: Your Voice on the Soft Fork Dilemma

April 9, 2024

Treasury Secretary Janet Yellen Calls for Legislation Amid Cryptocurrency Risks

February 6, 2024

Skale Network Price Prediction for Today, January 10 – SKL Technical Analysis

January 11, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.