Lens1000
VIP Contributor
The whales are pouring money into cryptocurrencies in droves. Following the recent spike in the price of cryptocurrencies, institutional investors are flocking to the crypto market. This may be connected to the acquisition of a big number of cryptocurrencies.
The purchase of $43 million worth of Solana(SOL) by institutional investors has made headlines.
Normally, bullish movement would elicit bearish feeling, but this is not the case. Rather, the cryptocurrency market's downturn has bolstered bullish enthusiasm.
Solana's market capitalization continues to rise at a rapid rate. This isn't unique to SOL; in terms of market cap, all other cryptocurrencies follow suit.
Solana's market capitalization climbed by 5% in the last seven days to $62,520,649,614. As of the time of writing, the value of solana in US dollars is $205.652.
The chart showed that Solana has recently gained traction, and experts anticipate that it will continue to rise if the bulls do not change their minds about Solana.
Despite the fact that Solana has dropped 2.16 percent in the last 24 hours, it is likely to rise following the purchase of the coin by institutional whales. The purchasing pressure intensifies if the bulls' prediction is correct.
The purchase of $43 million worth of Solana(SOL) by institutional investors has made headlines.
Normally, bullish movement would elicit bearish feeling, but this is not the case. Rather, the cryptocurrency market's downturn has bolstered bullish enthusiasm.
Solana's market capitalization continues to rise at a rapid rate. This isn't unique to SOL; in terms of market cap, all other cryptocurrencies follow suit.
Solana's market capitalization climbed by 5% in the last seven days to $62,520,649,614. As of the time of writing, the value of solana in US dollars is $205.652.
The chart showed that Solana has recently gained traction, and experts anticipate that it will continue to rise if the bulls do not change their minds about Solana.
Despite the fact that Solana has dropped 2.16 percent in the last 24 hours, it is likely to rise following the purchase of the coin by institutional whales. The purchasing pressure intensifies if the bulls' prediction is correct.
