In the world of cryptocurrency trading, there is a notable gathering of whales who are showing interest in Solana and NEIRO. According to data provided by blockchain monitoring firm Lookonchain, three major players have recently made significant purchases of Solana.
One of these players, a wallet known as AA21, withdrew 153,511 SOL (equivalent to $26.4 million) from Binance in the past six days and staked it. Another investor, identified as EHax, also staked 35,498 SOL (worth $6.12 million) that was withdrawn from both Binance and Kraken over the last three days.
Furthermore, Lookonchain reported that newly created wallets have accumulated more than 13 million NEIRO from OKX and Gate exchanges. NEIRO is described as the “official sibling of DOGE” by the project.
At the time of writing, Solana is currently trading at $181, with a 3.63% increase in the past 24 hours. On the other hand, NEIRO holds the 465th position on ETH, with a market capitalization of $91.75 million. The impact of these large investments on the price and liquidity of these digital assets is eagerly anticipated.
Experts believe that these substantial purchases could have a positive influence on the future performance of Solana and NEIRO. However, due to the volatile nature of cryptocurrency markets, caution is advised for investors.
Binance and Kraken, being large exchanges, play a vital role in facilitating such large-scale transactions. The liquidity provided by these exchanges allows significant investors to effectively manage their positions.
By closely monitoring these movements in the crypto market, investors can evaluate potential opportunities. The future developments of cryptocurrencies like Solana and NEIRO may shape investment strategies in this field.
For more news and updates, you can follow us on Telegram, Facebook, Twitter, and Coinmarketcap.
Disclaimer: The information provided in this article should not be considered investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and conduct their own research.
