Solana (SOL), the fourth biggest cryptocurrency by market cap, took a halt after rallying to an all-time high (ATH) of $263. However, it seems like the crypto whales are not holding back. Data from Lookonchain shows that a whale scooped $60 million worth of SOL over the past month. The SOL price took a hit of around 8% in the last seven days, dealing with a mild correction after a massive rally that saw the asset breakthrough 2021’s all-time high price. The cumulative Solana ecosystem market cap surged past $342 billion as Pump.fun and newly SOL-based meme coins gained prominence. Whale scoops 250K Solana worth about $60 million in the last month Solana’s recent price action has attracted whales that have begun accumulating SOL. As per the data shared by Lookonchain, 2 wallets believed to belong to a single holder have accumulated more than 250K Solana coins (approx worth $60 million) from Kraken in the last month. Whales are accumulating $SOL ! 2 wallets(likely belonging to the same person) have withdrawn 250,109 $SOL ($60M) from #Kraken in the past month. https://t.co/0pPszppckm https://t.co/uiWofyuKCc pic.twitter.com/6UpBf7f99X — Lookonchain (@lookonchain) November 29, 2024 Solana’s price has risen by a whopping 34% in the past 30 days despite the recent drop. According to data from crypto data aggregator CoinMarketCap, SOL is trading at an average price of $241.31 at press time. Its 24-hour trading volume has dipped by 32% and currently sits at $3.76 billion. The token went on to hit the ATH of $263.83 on November 23, asserting its position above BNB and inching closer towards Tether. Pump.fun, on the other hand, is on a depositing spree, data shows that the linked wallet again dumped 65,000 SOL (approximately worth $15.23 million) to the crypto exchange Kraken yesterday. So far, Pumpfun has deposited 798,869 Sol worth about 154 million to Kraken crypto exchange and sold 264,373 SOL for 21.64 million USDC. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
