An unknown address transferred 470,087 SOL, worth over $51 million at Solana’s current price, to Coinbase, the leading US crypto exchange. This massive transaction, which occurred amid sudden market volatility, was interpreted by analysts as a potential selling attempt. Solana’s price has dropped sharply from a high of around $123 earlier this month to as low as $105, now trading below the $110 mark. The overall crypto market remains extremely bearish, and Solana’s chances of reclaiming its recent highs are fading significantly.
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