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Whale moves 1.6m worth of Solana as asset hits top trending list
Solana (SOL) is a blockchain platform specifically structured to host decentralized, and highly scalable applications. The native cryptocurrency of the Solana ecosystem comes with the ticker symbol SOL. At the time of writing this piece, Solana’s SOL is the 9th-largest crypto in the world, with a market capitalization of $13.13 billion and a 24-hour trading volume of $31.15 million, according to CoinMarketCap.
As with virtually all the coins and tokens in the cryptospace, solana (SOL) has experienced its fair share of price volatility since its launch. In April 2020, the token was valued at $0.74 and did not experience much volatility throughout that month.
In May 2020, the price of solana (SOL) dropped dramatically to $0.59 but experienced a big boost in June 2020, when the token skyrocketed to the $0.85 price region.
In July 2020, the price of SOL experienced another significant increase, surpassing the $1 benchmark to trade at $1.69. The coin soared in value once again in August 2020, increasing to $4.44. However, Solana lost a large chunk of that gain in September, dropping to the $2.95 price region.
September was a bit gloomy and October was no different, as the solana (SOL) token dropped yet again to $1.44, but managed to regain some momentum in November 2020, to trade around $1.91 and ended the year on a low by dipping to $1.54.
The beginning of 2021 was quite bullish for SOL, as the token opened the year at $4.23 before taking a gigantic leap in February to hit the $13.31 mark. The upward momentum did not stop in March, however, as the token rose to around $19.18 and experienced massive volatility throughout that month.
The month of April was no different from the rest, as SOL continued to enjoy a solid bullish run, increasing to $42.58, before decreasing to $28.56 in May of that year. June was also a very good month for solana, as the altcoin saw a bounce to the $33.92 price region, before slightly slumping to $32.25 in July.
The start of August was bullish for SOL. The cryptoasset mooned massively to $109.65 and continued soaring in September, hitting $135.28. The jolly good ride continued in November also, as the token hit an impressive all-time high (ATH) of $204.35, before experiencing a major dip at the end of the year to settle around $172.51.
The year 2022 started on a very bearish note for SOL, as the token dropped to $93.4, and it continued its decrease in February, crashing to around $85.57. In March, the SOL token regained its bullish momentum a bit, moving up to the $120 price area. However, that upward move wasn’t sustained, as the token dropped again in April to $94.09. The bloodbath continued in May, sending SOL down to the $47.19 area.
Solana continued its freefall in June, dropping to $33.92, and continued to flucuate wildly throughout the month. On July 1, 2022, the price of solana (SOL) dipped to $33.31. and July 2nd was no different, as the token was valued at around $33.04.
The price of SOL gained a bit on July 3, trading around $33.42 for the most part of the day. On July 4, it gained a bit on July 4, 2022, the solana (SOL) price traded at around $33.45. It also experienced minor gains on July 5, trading at the $36.78 price region, before later decreasing to $35.32 on July 6.
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