Data shows a Solana whale has deposited SOL worth $11 million to Binance, which could be bearish for the asset’s price. Solana Has Enjoyed Sharp Bullish Momentum During The Past Month Since the start of Bitcoin’s rally towards the $35,000 level, the cryptocurrency market as a whole has been having a good time. Among the assets, Solana has particularly stood out, as its returns have been one of the highest. During the last 30 days, SOL has observed an exceptional rally of more than 84%, leading to its price surpassing the $43 mark. The chart below shows how the asset’s trajectory has looked like during this period. The value of the coin seems to have been rapidly going up in recent weeks | Source: SOLUSD on TradingView From the chart, it’s visible that Solana had managed to rise as high as $47 at the start of the month, but the coin registered a bit of a pullback soon after. The asset has since recovered 9% from these local lows, although it’s yet to make a full retrace. However, momentum a ..
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