An intelligent whale has deposited $87.6 million worth of Solana (SOL) on the world’s largest cryptocurrency exchange Binance.
According to the on-chain analytics platform Lookonchain’s Twitter post on March 14, an intelligent whale deposited a massive amount of Solana on Binance.
The post stated that the whale bought Solana at an average price of $77 for $67.92 million. The whale had bought 534,000 SOL at that time.
Later, the investor deposited 711,000 SOL worth $106 million at an average price of $150 on Binance. The whale’s total profit from these transactions was recorded as $38.7 million.
Solana, one of the top-performing altcoins last year, has started to host significant rallies once again.
According to CoinGecko data, SOL has experienced a price increase of 23% in the last week, reaching $173 at the time of writing.
