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The cryptocurrency community is speculating on the potential Solana (SOL) price explosion. Added this speculation? The latest massive SOL purchases are expected by wealthy investors or “whales” and market analysts optimistically.
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Whale Recovers Life: Bullish Sign?
Lifeline data from lifeline analysis of cryptoanalysis shows an interesting trend: two once dormant “smart currency” addresses have become active, each of which has caught a lot of sol.
The whales were identified as “GJWCU” and one of them was reappeared to collect 30,901 SOL tokens, which was a year of sleep, which was a cool $6.24 million.
In the past, this special whale made money. It once made a profit of $8.15 million. Their increased interest shows a lot. Another wallet called “5QDX” has an average price of $202, breaking the two-month silence, bringing out 61,319 Sol tokens worth $12.4 million. It’s hard to miss these huge purchases, which usually means people have confidence in the future of the coin.
The clever whale resurfaced after 2 months, withdrawing 61,319 $ sol ($12.4 million) #binance and #okx Today ~$202.53!
Previously, the whale had completed 2 $ sol The transaction between December 27, 2023 and November 30, 2024, with an estimated total profit of $8.47 million (+38.9%), winning a 100% victory… pic.twitter.com/2xnjok4bva
– Location on the chain (@spotonchain) February 10, 2025
Analyst's Eyes $296 Target
Market analyst Viproseter added fuel by commenting that the price rose by $296. There is nothing magical about this prediction. Viprosert said maintaining strong support levels and recovering from important technical areas are two of Solana's advantages.
This indicates the potential intensity and the most likely increase in the probability of breakthrough. Analysts’ forecasts can affect market sentiment and investment behavior, even if one grain of salt should always be taken.
🚀 $ sol Price targets and bullish structure
🔹 #solana ($sol) is maintaining a critical level of strong support and bounce, which marks the potential for further upwards.
📊Key Objectives:
T1: $296.38
T2: $339.55
T3: $384.56📈Technical Prospects:
Breakthroughs beyond the recent highs may push… pic.twitter.com/gjslhw48mz
– Rose Advanced Signal 🌹 (@viproserter) February 10, 2025
Solana's Ecosystem: The Long Game
In addition to whale activity and price forecasts, Solana's fast-growing ecosystem is another important factor in the workplace. The long-term survival of cryptocurrencies depends on a dynamic ecosystem with decentralized applications (DAPPs) and projects.
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Market sentiment: cautious optimism
Currently, the price of Solana is around $204, which is a small drop of 0.06% over the past 24 hours. But bigger stories are more important than this small difference. Sol has only slightly increased by about 2% over the past week, indicating that despite normal market volatility, the market is still very stable.
There are 490 million vehicles in circulation, and the sol market is worth nearly US$97 billion. Overall, people seem cautiously optimistic. Experts predict and whale activity are mostly good, but the crypto market is known for its very volatile situation.
Featured images from Medium, charts for TradingView
