The Big Whale Has Gone All In: Accelerating Heavy Buying in This Altcoin

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CryptoNewsNet2025/10/26 03:24

By:en.bitcoinsistemi.com

According to on-chain analytics data, an address that has been regularly accumulating Solana (SOL) through over-the-counter (OTC) transactions since late April has significantly increased its purchases in recent days.

According to the analysis, the address in question purchased 249,500 SOL (approximately $46.78 million) through the FalconX and Wintermute platforms in the last 4 days alone.

This address reportedly purchased a total of 827,000 SOL (approximately $146 million) since the end of April, staking all of these assets. The average purchase price was calculated at $177.

At the time of writing, Solana is trading at $194. SOL had fallen from $260 to as low as $8 during the massive FTX crash at the end of 2022 due to the large holdings of SOL coins by Alameda Research, a company owned by the defunct exchange. This year, SOL broke records, reaching an all-time high of $294 in January.

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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The Federal Reserve held its first Payments Innovation Summit, discussing the application of stablecoins, tokenized assets, and DeFi in the payments sector. The conference proposed establishing Federal Reserve accounts with limited access to reduce risks and explored how to make traditional systems compatible with blockchain. Cryptographic technologies are now becoming a central topic in payment discussions, and institutional investors may prioritize assets like bitcoin and ethereum. Summary generated by Mars AI. The accuracy and completeness of this AI-generated summary are still being iteratively improved.

MarsBit•2025/10/26 21:58