$100M in Shorts Suggest Solana (SOL) May Not Cross $235: Report

Quick Summary:

On January 29, 2024, the blockchain-based transaction tracker Whale Alert posted on X (formerly Twitter) that a crypto whale had moved a significant 220,308 SOL worth $52 million.

Despite the whale’s potential accumulation, SOL’s price has continued its downward trajectory, struggling near $227 with a 2.56% decline in the last 24 hours.

However, analysts and experts view this transaction as an accumulation by the whale as the asset experiences a significant price decline.

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Article Details

Author / Journalist: Chandan Gupta

Category: Crypto

Markets: United States

Topics: News Crypto news Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 22:15:14 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 307 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 25591257

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