Solana Whales Accumulate $381 Million Amidst 5% Price Drop

Solana (SOL) saw a short-term price dip of around 5%, momentarily dipping below $169.48, but has since recovered, currently trading at approximately $176.24. Despite the volatility, on-chain data reveals large investors, known as whales, have amassed an impressive $381 million worth of SOL throughout this period, showcasing strong belief in the asset’s long-term potential. 💰 These whale actions include a major acquisition by one whale that acquired nearly 2 million SOL, valued at approximately $223 million. Another whale transferred 50,000 SOL from an exchange to a private wallet – classic signs of accumulation. 📈 These moves suggest that large investors are capitalizing on dips to increase their holdings.