Whale Accumulates 132,300 SOL in Two Days, Sparking Significant Market Movement

On January 4th, COINOTAG News reported that prominent on-chain analyst Yujin Monitoring highlighted significant activity by a whale/institution in the cryptocurrency market. Over the past 48 hours, this entity has amassed 132,300 SOL via the Binance exchange at an average price of $214, amounting to an impressive $28.32 million. This strategic accumulation reflects growing confidence in the long-term potential of the Solana network amid recent market fluctuations. Furthermore, just five days prior, the entity executed a notable withdrawal of 10 million PNUT from Binance, equating to around $6.12 million. Remarkably, this holding has since appreciated, realizing unrealized gains of $1.33 million, marking a robust increase of 22%. Such transactions underscore the ongoing interest from institutional players in both established and emerging cryptocurrency assets.