{"id":16069,"date":"2024-08-13T18:22:14","date_gmt":"2024-08-13T15:22:14","guid":{"rendered":"https:\/\/forklog.com\/en\/solana-whale-offloads-86-million-in-sol-since-january\/"},"modified":"2024-08-13T18:22:14","modified_gmt":"2024-08-13T15:22:14","slug":"solana-whale-offloads-86-million-in-sol-since-january","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/solana-whale-offloads-86-million-in-sol-since-january\/","title":{"rendered":"Solana Whale Offloads $86 Million in SOL Since January"},"content":{"rendered":"<p>A major investor in Solana (SOL) has transferred approximately 594,000 coins, valued at around $86 million, to exchanges Coinbase, Binance, and OKX through regular transactions since January. This activity was highlighted by Lookonchain.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">A whale sold 594K <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($86M) this year!<\/p>\n<p>Since Jan 15, this whale has deposited 594K <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($86M) to <a href=\"https:\/\/twitter.com\/hashtag\/Coinbase?src=hash&#038;ref_src=twsrc%5Etfw\">#Coinbase<\/a>, <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a>, and <a href=\"https:\/\/twitter.com\/hashtag\/OKX?src=hash&#038;ref_src=twsrc%5Etfw\">#OKX<\/a>, averaging one sale per week. <\/p>\n<p>The last sale was 16 hours ago.<a href=\"https:\/\/t.co\/v6mJegPKCa\">https:\/\/t.co\/v6mJegPKCa<\/a> <a href=\"https:\/\/t.co\/5CU24VPvtt\">pic.twitter.com\/5CU24VPvtt<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1823239539554684981?ref_src=twsrc%5Etfw\">August 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Experts noted that the address averaged one sale per week, with individual transactions not exceeding 20,000 SOL (~$2.8 million).<\/p>\n<p>The address initiated transactions on January 15 when the coin&#8217;s price was around $94. During this period, prices surged past $202 before settling near $147 at the time of writing (<a href=\"https:\/\/www.coingecko.com\/en\/coins\/solana\">CoinGecko<\/a>).<\/p>\n<p>Meanwhile, Lookonchain analysts observed activity from an Ethereum whale from the cryptocurrency&#8217;s ICO era, who sent 48,500 ETH ($154 million) to OKX over the past 35 days.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/solana-whale-continues-84-m-dump-with-2-8-m-sale?utm_source=rss_feed&#038;utm_medium=rss&#038;utm_campaign=rss_partner_inbound\">Cointelegraph<\/a> speculated that both investors employed a <span data-descr=\"Dollar Cost Averaging \u2014 \u0443\u0441\u0440\u0435\u0434\u043d\u0435\u043d\u0438\u0435 \u0434\u043e\u043b\u043b\u0430\u0440\u043e\u0432\u043e\u0439 \u0441\u0442\u043e\u0438\u043c\u043e\u0441\u0442\u0438\" class=\"old_tooltip\">DCA<\/span> strategy. This involves regularly buying or selling an asset in equal portions, mitigating the impact of price volatility.<\/p>\n<p>This approach allows investors to focus on long-term prospects without being swayed by market fluctuations.<\/p>\n<p>In July, SOL, alongside Ripple&#8217;s XRP, led the recovery of major cryptocurrencies with growth of 30.5% and 27.6% respectively, according to Binance experts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A major investor in Solana (SOL) has transferred approximately 594,000 coins, valued at around $86 million, to exchanges Coinbase, Binance, and OKX through regular transactions since January. This activity was highlighted by Lookonchain. A whale sold 594K $SOL($86M) this year! Since Jan 15, this whale has deposited 594K $SOL($86M) to #Coinbase, #Binance, and #OKX, averaging [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1227,1156,1159],"class_list":["post-16069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-transactions","tag-institutional-investors-and-whales","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16069"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16068"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}