Bullish
Solana (SOL) price rises 1.59% to $117.19 amid whale accumulation and upgrades.
In the past 24 hours, Solana's price increased by 1.59%, reaching $117.19. This uptick is attributed to significant whale accumulation and the successful activation of the SIMD-0525 network upgrade, which reduced slot times to 250 milliseconds, enhancing transaction efficiency.
Key points
- Whale Accumulation: Over the past three weeks, a major holder added 285,503 SOL, totaling approximately $28.82 million, indicating strong institutional confidence.
- Network Upgrade: The SIMD-0525 upgrade, activated on September 19, decreased slot times from 300 to 250 milliseconds, improving network performance and transaction speed.
- Price Movement: Solana's price rose by 1.59% to $117.19, with an intraday high of $117.76 and a low of $112.73, reflecting moderate market volatility.
Sources
AI-generated from public news sources. Not financial advice.
