Bullish
Solana (SOL) price rises 4.77% to $116.56 amid whale accumulation ahead of upgrade.
In the past 24 hours, Solana's price increased by 4.77%, reaching $116.56. This surge is attributed to significant whale activity, with large holders accumulating approximately $28.8 million in SOL ahead of the upcoming Transaction v1 upgrade. The upgrade, scheduled for September 9, aims to enhance network efficiency by increasing the maximum transaction size from 1,232 to 4,096 bytes.
Key points
- Whales accumulate $28.8 million in SOL ahead of Transaction v1 upgrade.
- Transaction v1 upgrade scheduled for September 9 to boost network efficiency.
- Solana's current price is $116.56, up 4.77% from the previous close.
Sources
AI-generated from public news sources. Not financial advice.
