Solana Whale Stakes $14.8M Despite Market Chaos, Betting on Future Growth
- A whale withdrw 87,328 SOL ($14.8M) from Binance to stk, signling strong confidnc.
- SOL gind 2.73% in 24 hours, trding t $173.56, but rmins 13% down sinc Fb 15.
- Anlysts prdict SOL rcliming $185 soon, with potntil brkout trgt of $300.
A Solana invstor md bold mov, stking millions dspit ongoing chos in th ntwork. Blockchin dt rvld tht th whale withdrw 87,328 SOL, worth $14.8 million, from Binance to stk it whil th crypto trdd round $169. This ction signld unwvring fith in Solana vn s skpticism sprd cross th mrkt.
Lookonchain flggd th trnsction on Fbrury 19, idntifying th whale s Guf5kl. Th mssiv withdrwl nd stking rinforcd th id tht long-trm holdrs rmin confidnt in Solanas futur, dspit rcnt mm coin-rltd instbility. This significnt finncil commitmnt coms s Solana fcs criticism ovr its involvmnt in controvrsil tokn lunchs.
Meme Coin Scandals Shake Solana
Solanas fficint nvironmnt hs md it hotspot for lunching tokns, prticulrly mm coins. Howvr, ths projcts hv rcntly bn undr fir. Th most rcnt scndl involvs LIBRA, tokn ndorsd by Argntinin Prsidnt Jvir Mili. Initilly, th hyp surrounding it proplld its mrkt cp to stunning $4.5 billion.
Howvr, th xcitmnt quickly turnd to suspicion whn dt rvld tht nrly 82% of LIBRA ws controlld by hndful of invstors. Furthr dding to th chos, th tokns tm llgdly drind its liquidity pool, whil snipr cshd out $107 million. This ld to ctstrophic crsh, wiping out th tokns vlu nd rising concrns ovr insidr mnipultion.
Th LIBRA dbcl is not n isoltd vnt. Spcultions suggst connction btwn this incidnt nd th rcnt crshs of othr mm coins on Solana, including TRUMP nd MELANIA. As ths scndls mount, invstor confidnc in th ntwork hs bn shkn, vn though mjor stkholdrs continu to bck th blockchin.
SOL Price Struggles, But Optimism Remains
Dspit th ongoing turbulnc, SOL hs gind 2.73% in th pst 24 hours, trding t $173.56. Th coins intrdy rng fluctutd btwn $161 nd $174. Howvr, it rmins down nrly 13% sinc Fbrury 15. This dclin ligns with flling ntwork ctivity nd concrns surrounding th mm coin turmoil.
Whil short-trm trnds ppr shky, som nlysts mintin bullish stnc. Crypto trdr Satoshi Flipper pointd to symmtricl tringl pttrn on th wkly chrt, suggsting tht SOL is in consolidtion phs hd of potntil brkout. Th nlyst obsrvd strong support, with xpcttions tht th nxt rtst will hold, pushing SOL upwrd.
Additionlly, Jelle, nothr crypto nlyst, sttd in n X post tht SOL is st to rclim $185 bfor th nd of Fridy. A mor mbitious trgt of $300 pprs on Flipprs chrt, potntilly mrking nw ll-tim high if momntum strngthns. Dspit mrkt uncrtinty, long-trm blivrs continu to s Solana s solid bt in th voltil crypto lndscp.
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Read more: https://www.tronweekly.com/solana-whale-stakes-14-8m-despite-market-chaos/
Text source: TronWeekly
