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Whales are dumping PEPE Coin and SOL on exchanges: What to Expect

Balinalar PEPE Coin ve SOL’u Borsalara Boşaltıyor: Neler Bekleniyor?
Balinalar PEPE Coin ve SOL’u Borsalara Boşaltıyor: Neler Bekleniyor?
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A giant whale deposited 427,000,000,000,000 PEPE Coin on Kraken during the correction to lock in profits. Meanwhile, the whale continues to hold one trillion PEPE worth $18.4 million at the time. Elsewhere, Solana (SOL) continues to bleed while whales are going into sell mode. In the midst of these developments, veteran analyst Ali Martinez issued a warning for SOL.

Giant whale transferred PEPE Coin to Kraken!

As you have been following on Kriptokoin.com, the market is following a volatile course. Amid this volatility, whales are also on the move. According to on-chain analytics platform Lookonchain, the same trader made millions of dollars in profit last month by selling all his PEPE Coin holdings during the early stages of the market correction in December. The sale took place after the trader accumulated more than one trillion Pepe between March and September 2024. The trader then bought more than a trillion PEPE in late December as memecoin’s price stabilized. In this context, Lookonchain made the following statement:

This smart whale sold all of its PEPE during the market drop on December 19th, making a total profit of $11.7 million on PEPE! In the past six days, after the market decline, the whale has again accumulated 1.42 trillion PEPE ($24.5 million).

PEPE Coin
Source: Lookonchain

PEPE Coin, meanwhile, is trading at $0.00001768 at the time of writing, up 0.45% on a daily basis. With a market capitalization of $7.44 billion, Pepe is the 24th largest cryptocurrency project.

Whales are selling SOL Coin!

Bitcoin (BTC) price broke below an important support level around $92,000. Amid increased volatility, the Solana (SOL) price continues to bleed. Whale selling is also contributing to this. Analysis of the data shows that a large Solana whale has recently mined coins and deposited them on Binance. In the past 24 hours, a certain Solana whale removed 245,921 SOL stakes. It then deposited 246,064 SOL on the Binance exchange. The whale potentially made a profit after an impressive rally in 2024.

Balinalar Bu Meme Coin'leri Topluyor: WIF Token Listede!

The Solana network is largely dominated by investors looking to profit passively through the staking program. According to data from Solanacompass, there are approximately 1,238,071 active stakers on the Solana network with a total of 393,252,393 SOL stakes worth approximately $75 billion.

Analyst: SOL price at risk!

Following Donald Trump’s victory, November saw an impressive rally from last year’s consolidation. Solana price is retesting the support trend line on the daily timeframe. From a technical analysis point of view, Solana’s price is approaching the important support level around $180, which it should hold in the coming days to avoid a sell-off towards the support range between $120 and $150. In this context, the experienced analyst made the following statement:

Solana (SOL) must not fall below $180; otherwise $150 to $130 becomes a possible target!

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Whales are dumping PEPE Coin and SOL on exchanges: What to Expect
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