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Solana Jumps 9% As Whales Quietly Accumulate Millions—Details

  • The value of Solana (SOL) jumped 9% to reach $137 as whales accumulated millions of dollars' worth of the cryptocurrency.
  • One major investor purchased 50,000 SOL, while others staked 41,096 SOL, reducing the available supply and potentially stabilizing prices.
  • Open interest in Solana futures increased from $2.2 billion to $2.7 billion, showing continued interest from leveraged traders.
  • Historically, whale activity has influenced SOL's price, with previous acquisitions resulting in price spikes, suggesting a positive outlook for the cryptocurrency.

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