Over the past day, whales have sold and bought large volumes of Solana
According to WhaleStats, Solana is now among the top ten in terms of trading volume among the 500 largest BSC whales in the last 24 hours.
It is reported that the anonymous wallet in question deposited 95% of the entire SOL Solend pool and represented 88% of USDC loans.
During the massive crypto liquidations observed during the market crash in June, the wallet, which was reportedly used by the largest user of Solend, was dangerously close to an impressive margin call.
The developers of Solana were concerned that a massive liquidation of millions of dollars could lead to an overload of Solana's decentralized exchanges, which would lead to a network freeze. Consequently, a step was taken to take over the account, which was later invalidated.
At the time of publication, Solana was trading at $42.75, which is 3% lower in the last 24 hours and 10% higher compared to last week.
Solana became the main star of the US music festival
Solana tweeted about her latest appearance at the Lollapalooza event over the weekend, saying, "It was special to see thousands of festival goers interact with NFT for the first time during the dopamine treasure hunt. Another step towards bringing NFT and cryptocurrency to the masses."
Lollapalooza is an annual four-day music festival held in Grant Park in Chicago and attracts more than 400,000 people.
Last week, Solana blockchain announced the opening of a retail space in New York; however, he is not going to sell anything. Solana Spaces, located in the prestigious Hudson Yards neighborhood on the west side of Manhattan, intends to become a "cultural center". The Solana Foundation sees it as a place where people will "hang out" and learn about cryptocurrencies.
https://coin-signal.com/cryptonews/over-the-past-day-whales-have-sold-and-bought-large-volumes-of-solana/
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