Single Solana investor dumps $100 million SOL in 2024; More to go
Solana (SOL) is one of the most successful cryptocurrencies highly funded by venture capitalists (VCs) through private investment rounds. However, its supply is still concentrated in a few whales and institutions, who occasionally dump their holdings on the market. In particular, the on-chain analyst behind Lookonchain identified an entity that has been constantly selling Solana tokens throughout the year. Consolidated in two addresses, this whale or institution has sold 695,000 SOL worth $99.50 million in 2024. As Lookonchain reported, these addresses have been selling a weekly average of 19,306 SOL, worth $2.76 million. The whale still has 1.88 million SOL staked in Solana’s protocol for a nominal value of $255.89 million. Picks for you Phil Murphy's net worth revealed: How rich is the Governor of New Jersey? ...