On-chain analyst EmberCN said the buyer accumulated SOL over three hours at an average price of $70.5, highlighting how large holders can influence short-term market moves.
SOL gained 2% over a three-hour stretch as a whale (large crypto holder) bought 234,900 SOL on-chain using 16.555 million USDC. On-chain analyst EmberCN said the purchases were made at an average price of $70.5. The move underscores how concentrated buying by large holders can coincide with short-term price strength in liquid crypto markets.