Solana Experiences Price Dip and Rally, Influenced by Exchange Transfers and Coinbase Buyers

By: Eva Baxter

Solana (SOL), a major player in the crypto realm, has experienced dynamic price activity within a period of two weeks. SOL's price dipped by 5% in the wake of large transfers from FTX-linked addresses to some of the leading exchanges like Kraken and Binance. This activity in the last 24 hours has seen a bustling transfer of Solana.

Contrarily, SOL's value surged by over 50% within the very 14 days span. Data reveals the key players contributing to this rally are the buyers from Coinbase. They have greatly impacted the currency's surge, once again demonstrating the significant role exchanges play in the cryptocurrency fluctuations.