Crypto Bull Doubles Down On Solana, Swoops 32,000 SOL, Will Price Uptick Sustain?
A crypto whale has accumulated 32,000 Solana (SOL) tokens following a significant leap in crypto prices. Digital assets spiked in line with traditional assets as bulls looked to recover losses picked up at the start of the week. Whale inflows alongside institutional demand dominated day trading, and bull metrics are back in play this quarter.
Solana Whales Ignite Accumulation Spree
According to blockchain analytics firm Lookonchain, a Solana whale bought 32,000 tokens worth about $3.72 million. The move comes six months after his last purchase of 39,310 tokens. The crypto bull has constantly backed Solana across many price cycles.
The whale stunned the community after he purchased 30,541 SOL three years ago. At the time, the asset traded at $216, costing him $6.6 million. It should be noted that the holder did not sell his assets when SOL recorded a sharp drop. His trading pattern shows that the whale buys rising prices, which points to a potential market recovery.
In the last 24 hours, several bulls have picked up Solana assets after President Trump announced a 90-day tariff pause. Crypto prices soared alongside stock as trillions flowed into the U.S. markets. The renewed demand for whales has turned the tide for SOL charts, with long-term holders signaling a $150 price.
Several community leaders noted that the rollout of confidential balances, apart from whale purchases, aided the asset’s positive traction.
“Confidential Balances is a set of three token extensions on Solana that enable configurable privacy, such as: – Encrypted balances & transfers – Mint/burn ops w/ discrete total supply – Discrete fee handling… Secured with ZK proofs & ElGamal encryption. Confidential Balances are implementation-ready for:- Server-side Rust backends – WaaS integrations for custodial solutions,” the network disclosed on X.
Institutional Investors Are Back
Institutional demand for crypto assets surged hours after the macro events’ turnaround. Bitcoin ETFs recorded inflows, as did major crypto purchases, setting the tone for the second quarter. Institutional investors have their gaze fixed on numerous spot altcoin ETFs, which will boost market participation.
At the time of writing, SOL’s price stands at $111.8, and its market cap is above $57.3 billion. While Solana’s rebound sparked wider interest, XRP dominated altcoin gains in the last 24 hours. The asset posted a massive 10% recovery in hourly trading data.
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Crypto Bull Doubles Down On Solana, Swoops 32,000 SOL, Will Price Uptick Sustain?
A crypto whale has accumulated 32,000 Solana (SOL) tokens following a significant leap in crypto prices. Digital assets spiked in line with traditional assets as bulls looked to recover losses picked up at the start of the week. Whale inflows alongside institutional demand dominated day trading, and bull metrics are back in play this quarter.
Solana Whales Ignite Accumulation Spree
According to blockchain analytics firm Lookonchain, a Solana whale bought 32,000 tokens worth about $3.72 million. The move comes six months after his last purchase of 39,310 tokens. The crypto bull has constantly backed Solana across many price cycles.
The whale stunned the community after he purchased 30,541 SOL three years ago. At the time, the asset traded at $216, costing him $6.6 million. It should be noted that the holder did not sell his assets when SOL recorded a sharp drop. His trading pattern shows that the whale buys rising prices, which points to a potential market recovery.
In the last 24 hours, several bulls have picked up Solana assets after President Trump announced a 90-day tariff pause. Crypto prices soared alongside stock as trillions flowed into the U.S. markets. The renewed demand for whales has turned the tide for SOL charts, with long-term holders signaling a $150 price.
Several community leaders noted that the rollout of confidential balances, apart from whale purchases, aided the asset’s positive traction.
“Confidential Balances is a set of three token extensions on Solana that enable configurable privacy, such as: – Encrypted balances & transfers – Mint/burn ops w/ discrete total supply – Discrete fee handling… Secured with ZK proofs & ElGamal encryption. Confidential Balances are implementation-ready for:- Server-side Rust backends – WaaS integrations for custodial solutions,” the network disclosed on X.
Institutional Investors Are Back
Institutional demand for crypto assets surged hours after the macro events’ turnaround. Bitcoin ETFs recorded inflows, as did major crypto purchases, setting the tone for the second quarter. Institutional investors have their gaze fixed on numerous spot altcoin ETFs, which will boost market participation.
At the time of writing, SOL’s price stands at $111.8, and its market cap is above $57.3 billion. While Solana’s rebound sparked wider interest, XRP dominated altcoin gains in the last 24 hours. The asset posted a massive 10% recovery in hourly trading data.
Read More