Despite a notable 20,000 SOL dump worth $2.9 million by a Solana whale, an analyst hints that SOL could regain the $180 level.
Despite a Solana whale dumping 20,000 tokens worth $2.9 million, an analyst hints that SOL could regain the $180 level.Amidst this, a Solana whale was found dumping a notable 20,000 SOL worth $2.9 million, according to the on-chain analytic firmAccording to the X post, this whale dumped 10,000 SOL worth $1.45 million to Binance and another 10,000 SOL worth $1.45 million to OKX.
However, the recent dump likely occurred during a period when SOL was consolidating in a tight range between $142 and $144. Additionally, it didn’t have any impact on the SOL price.At press time, SOL was trading near $148.5, having experienced a price surge of over 4.5% in the last 24 hours. Its trading volume has increased by 14% during the same period.
However, SOL’s Open Interest remained largely unchanged in the last 24 hours. According to the on-chain analytic firm Coinglass, it has risen by only 1%.
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