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Millionaire Investors Are Buying Up This Cryptocurrency For Long-Term Positions

Millionaire Investors Are Buying Up This Cryptocurrency For Long-Term Positions

HappyCoinNews2024/10/30 09:55
By: HappyCoinNews
SOL-10.35%JTO-14.65%MSOL0.00%

Last week crypto whales took advantage of market volatility and accumulated cryptocurrency Solana (SOL) for millions of dollars.

Three millionaire investor addresses have caught the attention of Lookonchain experts. Their newly replenished balances indicate that they intend to hold medium- to long-term positions.

Address "AA21BSr(…)" output 153 SOL with Binance in the last six days in the amount of $26,4 million. The user sent most of these assets to staking to the Marinade Finance protocol by purchasing MSOL tokens.

Wallet "EGzicbS(…)" added an additional 95 SOL to its existing 651 SOL for a total of $13 million. This position remains liquid and can be sold at any time.

Finally, in three days, “EHax4mB(…)” bought and withdrew 35 SOL worth $498 million from Binance и Creak . In this case, the tokens went to liquidity staking in Jito Network and receive JITOSOL tokens in your hands.

Balances of 3 crypto whales Solana . Source: Arkham Intelligence

Interestingly, at the same time, renowned cryptocurrency trader and analyst Alan Santana is betting short, expecting the price to decline. Solana .

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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