Solana (SOL) Crashes 15% After Massive Profit-Taking Spike

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Solana (SOL) Crashes 15% After Massive Profit-Taking Spike - NewsBTC

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Now, here is the chart shared by the analytics firm that shows the trend in the Solana Realized Profit by Age over the last few months: As is visible in the above graph, the aggregated Solana Realized Profit observed a huge spike on Monday following the recovery in the cryptocurrency’s price toward the $180 mark.

Related Reading: Crypto Liquidations Near $1 Billion As Bitcoin & Altcoins Bounce Back It would appear the investors were keen to cash in on this opportunity, as the SOL Realized Profit shot up to an hourly value of over $257 million, making the profit-taking event one of the largest in the last couple of months.

Solana Realized Profit Registered A Sharp Spike Yesterday According to data from the on-chain analytics firm Glassnode, the Realized Profit observed a huge spike for Solana recently.