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Solana Price in Crisis: Whale Sell-Off Signals Possible Market Shift

source-logo  coingape.com 05 November 2024 19:50, UTC

Solana (SOL) price, a layer-1 blockchain network token, is currently locked in a consolidation pattern, reflecting the broader market’s sluggish momentum. Despite minimal movement, subtle signs hint at a potential upward trend for the coin. SOL recently rebounded, coinciding with the U.S. election today, sparking renewed hope for gains this November. However, the market’s outlook remains cautious, especially as a recent sell-off by major holders suggests a possible shift in sentiment.

coingape.com