Solana price prediction: two wallets shift $111 million in SOL

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: two unknown wallets moved 1,159,856 SOL worth $111 million to Coinbase Institutional on October 31, more than the US fund wrappers gave up in the five trading days before. We measured both capital channels against trading volume, market capitalisation and daily issuance.Add as a preferred source on GoogleFollow on Google NewsThe record shows this: Whale Alert reported two transfers to Coinbase Institutional on October 31, 609,699 SOL worth $58.5 million and 550,157 SOL worth $52.7 million, together 1,159,856 SOL or $111.2 million. Over the same stretch, from October 26 to 30, the US fund wrappers on Solana lost $71.5 million across five consecutive trading days, according to SoSoValue data. Our assessment follows further down: fund flows are the smaller of the two channels at Solana, and anyone explaining the price from them alone is working with the wrong magnitude. The SOL price stood at $94.62 on Sunday afternoon, after a daily high of $96.15 and a daily low of $94....