A whale transferred 500,000 SOL worth approximately $60.5 million to Binance on September 26th, with an average cost basis around $121, without causing a significant price drop. Bitfinex whales’ SOL long positions have surged while Solana ETFs purchased 2.32 million SOL worth approximately $278 million over the past two weeks, pushing total AUM to $2.283 billion. Solana’s total stablecoin supply hit a new all-time high exceeding $17 billion, with a 5%+ increase this week adding over $800 million in liquidity to the network. Global money supply reached a new record of $103.66 trillion, with the Fed, ECB, Bank of Japan and PBOC adding approximately $1 trillion in August, marking the tenth consecutive monthly increase in global money supply. This convergence between on-chain liquidity and broader macro liquidity could enable SOL to break above the $120 resistance level.
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