Solana Latest Updates: Major Investor's $26M Solana Investment Signals Institutional Trust, Reliance Fuels Growth
A prominent crypto whale has significantly increased its stake in
This whale’s Bitcoin holding—1,683
The whale’s increasing Solana position has attracted notable attention. On November 2, the 0xc2a3 wallet added 8,164.4 SOL to its long, bringing the total to 569,050.58 SOL—worth about $105 million, according to
These developments are being watched closely by market participants. The whale’s BTC position could be at risk of liquidation if prices fall below $77,725, while the ETH long may be threatened if it dips under $2,777. Analysts such as Ali Martinez have highlighted $111,160 as a crucial support for Bitcoin, with resistance at $117,630, emphasizing the market’s volatility. For Solana, the whale’s assertive accumulation signals strong short-term conviction, though traders should keep an eye on the $198.22 level, which marks the whale’s average SOL entry price.
The ongoing interaction between institutional and whale capital is influencing the market’s direction this November. With the overall crypto market cap recently climbing above $3.78 trillion, continued strength in major coins could further boost positive sentiment. Still, as Posty advises, Ethereum investors should remain patient, with $4,075 retests serving as a gauge for market momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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