Solana hits a record 5.4M daily active addresses, with whale accumulation and staking signaling strong long-term confidence.
record active addresses signaled strong network growth, with transaction volumes surging alongside adoption.recently set a new record with over 5.4 million daily active addresses, sparking conversations about a potential price rally for the native token.
The token’s trading volume has seen significant fluctuations, driven in part by recent whale activity. The 200-day moving average was hovering around $135 at press time, a key indicator of long-term price trends. While some whales were accumulating and staking at press time, others were taking profits, indicating short-term uncertainty.The increase in daily active addresses, combined with rising transaction volumes and notable whale accumulation, pointed to a bullish outlook for Solana.
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