Solana News: Whales May Be Moving Ahead Of Possible SOL Price Drop

Key Insights:

• Solana news showed that over 62,000 dormant SOL wallets became active after more than a year.
• Solana DEXs recorded higher spot trading volume than several major exchanges.
• SOL price remains below key resistance as traders watch important support levels.

Solana news has turned to whale activity after more than 62,000 dormant wallets returned to Solana DEXs in one week. At the same time, trading volume on Solana stayed ahead of several major exchanges, while chart data shows the SOL price is still below an important resistance level.

Dormant Wallets Return As Solana News Draws Market Attention

Solana news is focused on a sharp increase in old wallets becoming active again. Data shared by Solana Daily showed that more than 62,000 dormant wallets that had not been active for at least 12 months returned to Solana decentralized exchanges last week.

That number was four times higher than the week before. It was also the highest level of wallet reactivation seen in more than a year.

… Continue reading the full article at the original source below.