FTX and a major whale unstake over $50M in SOL, but continue holding large reserves. Meme coin boom doubles Solana ecosystem value, driving speculative
Solana (SOL) showed impressive market strength, trading around the $177 mark on May 12, its highest price level since early March, fueled by a confluence of whale movement, broader market optimism, and bullish technical indicators.
This strong price performance, fueled by substantial whale movements, broad market optimism, a meme coin explosion, and upcoming spot ETF decisions, now sets the stage for its price path on May 13.
Whale Activity, Holdings Steer SOLs Short-Term Outlook
On-chain data reveals notable moves from large Solana holders, a factor likely influencing May 13 sentiment based on recent trading.
FTX/Alamedas staking address recently unstaked 187,625 SOL valued at $32.24 million, yet still retains a massive 5.2 million SOL ($913.5 million) in staking.
8 hours ago, the #FTX/#Alameda staking address unstaked 187,625 $SOL worth $32.24M.
The wallet still has 5,203,577 $SOL, worth $913.54M,…
The post Solana (SOL) May 13 Prediction: ETF Hopes Point Towards $200 Test appeared first on Coin Edition.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
0.00