Solana Whales Turn Heads with Their Transactions!

Solana Whales Surprise Crypto Enthusiasts: $180 Million Worth of Tokens Transferred to Coinbase!

You might like: Developments on the Binance Front Regarding the Ronin Listing!

According to Whale Alert, which tracks cryptocurrency transactions, a large transfer of 1,782,144 SOL, worth approximately $170,364,121, was made from an unknown wallet to Coinbase, one of the leading cryptocurrency exchanges.

🚨 🚨 🚨 🚨 🚨 🚨 🚨 1,782,144 #SOL (170,364,121 USD) transferred from unknown wallet to #Coinbasehttps://t.co/qsbyjvNwmN

— Whale Alert (@whale_alert) February 5, 2024

Shortly after, it was reported that 119,597 SOL, worth $11,436,478, was transferred from Coinbase to a new unknown wallet.

🚨 119,597 #SOL (11,436,478 USD) transferred from #Coinbase to unknown new wallethttps://t.co/k4ScR62UYh

— Whale Alert (@whale_alert) February 5, 2024

Solana’s trading volume saw significant growth during the same period, increasing by 18.26% to $1,502,291,564.

According to information provided by CoinGlass on cryptocurrency futures and spot markets, Solana experienced $6.13 million in liquidations in the last 24 hours. Of this liquidation, long positions accounted for $4.33 million, while short positions accounted for the remaining $1.79 million. These figures indicate that interest in Solana and market volatility are increasing.