SOL Surges to $142 Amidst $810M Whale Transfers

• The movement of 5.52M SOL worth $810M from five whale accounts resulted in their transfer of 3.54M SOL to Coinbase Prime for possible trading operations.
• According to data during the 24-hour period SOL achieved an 8.2% increase in value through a trading range between $130.57 and $150.03 due to intensive buying interest and institutional buying habits.
• The high level of volatility and market uncertainty can be seen through the massive $92.75M long and $46.37M short liquidations suffered by this market.

In the past 12 hours, five whale accounts unstaked approximately 5.52 million Solana (SOL), valued at $810 million. The sudden movement of assets has drawn attention from market participants, raising questions about potential implications. 

Following the unstaking, a substantial portion of the unstaked SOL—totaling 3.54 million tokens worth $516 million—was deposited into Coinbase Prime. The deposit suggests that some investors may be positioning assets for future transactions, including potential sales. While this movement does not confirm an impending sell-off, it raises questions regarding the intentions of these major holders.

This whale deposit has led to a surge in Solana price.Currently,Solana is trading at $142.96, reflecting an 8.2% increase over the last 24 hours. The price has fluctuated between a low of $130.57 and a high of $150.03, demonstrating significant volatility within the given timeframe. This sharp upward movement suggests strong buying interest and bullish momentum in the market.

SOL Faces High Volatility as Liquidations Surge Over $92M

During a price dip Coinglass shows through its SOL Total Liquidations Chart that a massive net liquidation of over $92.75 million impacted traders with leveraged long positions. Short liquidations grew to reach their maximum at $46.37 million because SOL experienced rising values which forced traders who had placed bets against the asset to sell.

The SOL price experienced distinct upward movements which peaked above $250 but later declined to settle in the current zone of $100 to $150. Ongoing high volumes of liquidations might result in additional price variability across the market. A decrease in liquidation events across the market will potentially trigger stability which enables SOL to establish a defined price range.

Market Reactions and Investor Sentiment

The cryptocurrency community has closely monitored these transactions, speculating on their potential impact.Nevertheless whale transactions continue to heavily affect short-term industry movement. Coinbase Prime serves as a regulated exchange platform that facilitates big deposits for financial operations.