Solana Sees Record-Breaking $224 Billion In Transfers As Whale Activity Intensifies

Solana Sees Record-Breaking $224 Billion In Transfers As Whale Activity Intensifies

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Source: TheMerkle.com

Solana recently experienced an unprecedented spike in on-chain transfer volume, with an astounding $224 billion worth of transactions occurring within a single day—nearly triple SOL’s total market cap of $76 billion.

This surge in activity appears to be largely due to an active wallet, possibly an arbitrage bot, utilizing multiple accounts. Since ramping up its transactions in early October, this wallet’s activity has likely contributed to the recent

Read More https://themerkle.com/solana-sees-record-breaking-224-billion-in-transfers-as-whale-activity-intensifies/

The post "Solana Sees Record-Breaking $224 Billion In Transfers As Whale Activity Intensifies" appeared first here TheMerkle.com.

Source: TheMerkle.com

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