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.
You may also like
Japan’s Digital Yen Trial Builds Blockchain Connections for International Transactions
- Japan's FSA supports a pilot project by MUFG, SMBC, and Mizuho to issue yen-backed stablecoins for cross-border payments under regulatory oversight. - JPYC launched the world's first regulated 1:1 yen-pegged stablecoin, aiming to reduce transaction costs and drive digital asset innovation. - Japan's dual-track approach combines institutional stablecoin experiments with fintech growth, addressing crypto adoption risks while promoting blockchain-driven financial modernization. - Stablecoins are seen as "me
Bitcoin Updates: Growing Popularity of Stablecoins in Developing Economies Poses Challenges to Bitcoin’s Price Prospects
- Cathie Wood lowers Bitcoin's 2030 price target to $1.2M, citing stablecoins' dominance in emerging markets as a key factor. - Stablecoins like USDT/USDC now serve as primary payment tools in hyperinflationary regions, reshaping crypto's financial role. - Institutional forecasts adjust downward (Galaxy to $120K, JPMorgan at $170K) as stablecoins siphon $300B from traditional banking systems. - Venezuela, Argentina show stablecoins' adoption for cross-border transactions, with potential $1T extraction from
Zcash News Today: Zcash Bulls Surpass Shorts with $16M Profit Compared to $14.5M Deficit
- Zcash (ZEC) saw $16. 3M long gains vs. $14.5M short losses on Nov 7 amid 15% price surge. - Technical indicators show ZEC above key moving averages with RSI near overbought levels. - Market diverges from BTC/ETH ETF outflows as ZEC gains traction against macroeconomic headwinds. - Risks persist with open $14.5M short position and volatility threatening sustainability.
Supreme Court Weighs Trump’s Authority on Tariffs in Major Constitutional Dispute
- Trump admits U.S. consumers bear tariff costs, reversing prior claims foreign nations pay, as Supreme Court reviews IEEPA-based tariffs. - Businesses and states challenge tariffs as unconstitutional, arguing IEEPA doesn't authorize executive-imposed duties under the foreign commerce clause. - Courts have ruled against Trump's tariffs, but the administration plans to use alternative statutes like Section 232 to maintain trade policies if IEEPA is struck down. - Legal experts warn a IEEPA victory could ena
Trending news
MoreCrypto prices
More
