$41M SOL Sold As Solana (SOL) Struggles To Hold $130, Mpeppe Presale Gains Major Whale Support
Recently, Solana (SOL) has faced significant selling pressure, with major shareholders selling $41 million worth of its shares. As Solana (SOL) struggles to maintain its position above $130, a new player in the market, Mbebe (Mbebe)Solana (SOL) is gaining significant momentum thanks to strong support from crypto whales during the presale. This article delves into the ongoing dynamics of Solana (SOL) and the growing interest in Mpeppe (MPEPE).
$41 Million Sale: A Huge Blow to Solana (SOL)
Solana (Sol). The journey through 2024 has not been smooth at all. After reaching impressive heights in previous years, the coin has faced a series of setbacks, culminating in a recent sell-off that has raised eyebrows in the crypto community. According to data from Lookonchain, a large crypto wallet has liquidated nearly $100 million in Solana (SOL) this year alone.
This portfolio is believed to be controlled by an institutional investor, and has been steadily selling approximately 19,306 SOL each week, equivalent to approximately $2.76 million per week.
This continued selling has put tremendous pressure on the price of Solana (SOL), which has struggled to hold above $130. Despite these sales, the wallet still holds 1.88 million SOL, worth an approximate $237.68 million. The ongoing liquidation suggests that the downward pressure on Solana (SOL) could continue, especially if the broader market remains weak.
Solana (SOL) Battle for $130
The recent sell-off is just one of many challenges Solana (SOL) has faced in 2024. The token has slipped below the $130 level, marking a 20% decline over the past 11 days. The $125 support level is now under significant pressure, and failure to hold this critical area could lead to further declines. Analysts are warning that Solana (SOL) could slide to the next important support levels at $110 and $100 if $125 is breached.
Adding to the negative sentiment is the decline in development activity on the Solana (SOL) network. Once a hotbed of innovation, development activity on Solana (SOL) has slowed, and major investors continue to offload their holdings. This combination of technical resistance, declining development, and whale selling suggests that Solana (SOL) may struggle to regain its footing unless market conditions improve significantly.
Mbappe: A promising new player
While Solana (SOL) faces these challenges, Mbebe (Mbebe) Mpeppe stands out as a promising new player in the cryptocurrency market. The meme coin gained significant attention during its presale, with massive whale support propelling it to new heights. Unlike Solana (SOL), which was hampered by market volatility and whale sell-offs, Mpeppe (MPEPE) benefits from strong community engagement and a successful presale.
The appeal of Mpeppe (MPEPE) lies in its combination of humor, community-driven growth, and the potential for high returns. As Solana (SOL) holders look for alternative investments to hedge against further losses, many are turning to Mbebe (Mbebe) As a promising option. The meme coin’s presale was a huge success, with analysts predicting huge upside potential once it is officially launched.
Whale support for Mpeppe
The success of the Mpeppe (MPEPE) presale can be attributed to the strong support it received from crypto whales. These big investors have recognized the potential of Mbebe (Mbebe) As a high growth asset they have been buying large amounts of pre-sale. This influx of whale support has not only boosted the pre-sale but also put Mbebe (Mbebe) As a strong competitor in the meme coin market.
While Solana (SOL) struggles to maintain its position, Mbebe (Mbebe) Mpeppe (MPEPE) is riding a wave of positive sentiment, making it one of the most talked about new cryptocurrencies in the market. Strong support from whales and growing community support suggests that Mpeppe (MPEPE) could be poised for significant growth in the coming months.
conclusion
The divergent fortunes of Solana (SOL) and Mpeppe (MPEPE) highlight the dynamic nature of the cryptocurrency market. While Solana (SOL) faces ongoing challenges, including a sell-off and a decline in development activity, Mbebe (Mbebe) Solana (SOL) is gaining significant momentum with strong whale support during its presale. As investors navigate these uncertain times, the decision to hold onto Mpeppe (MPEPE) or explore new opportunities like Mpeppe (MPEPE) could have a significant impact on their portfolios. With the presale nearing completion and strong support from mainstream investors, Mpeppe (MPEPE) is emerging as a cryptocurrency to watch closely in the coming months.
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