Solana

2024

Impact

April

Coin

<ul class="news-points">
 <li><strong>In four different batches, a whale sent thousands of SOL to Coinbase.</strong></li>
 <li><strong>The price might drop to $171.36 if momentum remains bearish.</strong></li>
 <li><strong>A decline in Open Interest could make SOL weak, reinforcing the bearish prediction.</strong></li>
</ul>
<p>Monday, April 1, was filled with surprising events in the market. But one that caught Coin Edition’s attention the most was some activities related to <a href="https://coinedition.com/solana-sol-price-prediction/" rel="noopener noreferrer nofollow">Solana (SOL)</a>. According to Whale Alert, four different transactions involved millions of SOLs being sent to Coinbase.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 202,279 <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#SOL</a> (39,743,074 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Coinbase</a><a href="https://t.co/czcIRDtxuw" target="_blank" rel="noopener noreferrer nofollow">https://t.co/czcIRDtxuw</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1774723347227537598?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 1, 2024</a>
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</figure>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 201,629 <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#SOL</a> (39,621,116 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Coinbase</a><a href="https://t.co/23MXqdQXBh" target="_blank" rel="noopener noreferrer nofollow">https://t.co/23MXqdQXBh</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1774723251828084839?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 1, 2024</a>
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</figure>
<p>The transactions that happened at about the same time, were over 800,000 SOL. Typically, when transfers like this occur, the intention is to sell. However, an assessment of the market showed that SOL has not felt any impact from selling pressure.</p>
<h3 class="wp-block-heading" id="h-it-s-time-to-evade-an-upswing-nbsp"><strong>It’s Time to Evade an Upswing&nbsp;</strong></h3>
<p>At press time, the token changed hands at $197.15 as it kept swinging sideways. From the 4-hour chart, bears …</p>
<p>The post <a href="https://coinedition.com/mysterious-whale-alert-over-800000-sol-transferred-to-coinbase-price-impact-unclear/" rel="noopener noreferrer nofollow">Mysterious Whale Alert: Over 800,000 SOL Transferred to Coinbase – Price Impact Unclear</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Mysterious Whale Alert: Over 800,000 SOL Transferred to Coinbase – Price Impact Unclear

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Coin Edition

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