According to the latest data from blockchain monitoring platform Lookonchain, on February 21, a whale address AHdUMw spent 10.26 million USDC within two hours to purchase 121,368 SOL at an average price of $84.57 per token.
Market Response Heats Up
This large-scale transaction quickly caught the market's attention, with analysts suggesting it might indicate a potential bottom formation. SOL's price saw increased volatility alongside a surge in trading volume.
- Date: February 21
- Investment: $10.26 million USDC
- Purchase Amount: 121,368 SOL
Technical Perspective
From a technical standpoint, SOL appears to have entered an oversold territory on the daily chart, suggesting long-term investors may be quietly accumulating.