Solana Chases All-Time Highs With 8% Gain As Whale Deposits $39.85M SOL Into Binance
Portfolio Pulse from Khyathi Dalal
Solana (SOL) experienced an 8% gain, reaching all-time high levels, driven by a significant whale deposit of 200,000 SOL ($39.85M) into Binance and a surge in interest in Solana-based meme coins. The cryptocurrency's weekly gain stands at 40%, with its valuation surpassing BNB's. Solana's total value locked is at $4.3 billion, indicating a 119% growth over the past month. Interest in Solana and its altcoins, including Dogwifhat and Jito Network, is increasing, with potential for significant gains.
March 18, 2024 | 4:08 pm
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Solana sees an 8% gain, reaching all-time highs, driven by significant whale activity and interest in meme coins. Its valuation now exceeds BNB's, with a total value locked of $4.3 billion.
The significant whale deposit into Binance and the increased interest in Solana-based meme coins have contributed to Solana's price surge. The cryptocurrency's valuation surpassing BNB's and the high total value locked indicate strong market confidence and investor interest, likely leading to a positive short-term price impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100