The crypto market has been abuzz with the news of a large Solana (SOL) whale transfer, with many speculating how it could affect the token’s price and market performance. Similarly, Near Protocol (NEAR) recorded significant selloffs, fueling its bearish performance.
Meanwhile, DTX Exchange (DTX) is disrupting the market with its premier presale, offering investors the opportunity to make massive gains. Continue reading to get the full details!
Solana (SOL) Price Predicted To Plunge Amid Whale Selloffs
According to data from Lookonchain, a major Solana (SOL) whale made recent withdrawal transactions of 7,500 SOL, 12,500 SOL, and several transfers of 10,000 SOL, selling an average of 19,306 SOL last week, amounting to around $2.76 million.
This whale has consistently liquidated its holdings, and has sold up to 695,000 SOL equalling $99.5 million, since January 2024, retaining a stake of 1.88 million SOL tokens worth $255.89 million. However, investors express bearish sentiment, speculating that these selloffs may affect Solana’s (SOL) market performance.
Solana (SOL) has declined, triggered by the massive selloffs as evidenced by the monthly candlestick patterns showing a price decline of 6.46%. Currently, Solana’s (SOL) MACD is indicating selling pressure and analysts predict a potential decline to $110.
Near Protocol (NEAR) Extends Downturn
Near Protocol (NEAR) has been on bearish trends since the last 6 months. Its price has dropped significantly by 81% from its all-time high. Following the broader market downturn last week, Near Protocol’s (NEAR) price plunged down over 16%.
Due to this bearish trend, Near Protocol’s (NEAR) investors with large holdings have started selling off their NEAR tokens, inducing fear amongst average investors with the Fear and Greed index indicating fear at 26.
Near Protocol’s (NEAR) trading volume has decreased over 15% due to the selloffs. Investors are still selling, causing the token’s price to decline. Analysts argue that Near Protocol (NEAR) may not surge up to $4 before the year runs out.
DTX Exchange (DTX) Attracts Investors With Premier Presale
As both Solana (SOL) and Near Protocol (NEAR) continue to record selloffs, DTX Exchange (DTX) is recording a massive influx of investors who are jumping on the opportunity it offers with its premier presale, positioning themselves to benefit from the 800% potential price surge from its current stage 3 presale price of $0.06, as predicted by expert analysts.
These analysts speculate that DTX Exchange will outperform many top altcoins upon its launch because the token is already disrupting the crypto market with the momentum of its presale, which has rapidly transitioned from the private seed round to its current stage, raising over $2 million in each round.
Although the entry price is very affordable and DTX Exchange offers new investors a sign up bonus of 25% when they join using the “DTX25” code, investors are still rewarded with access to various premium features on the platform such as high leverage up to 1000x, reduced trading fees and access to seamless anonymous trading across crypto and CFDs.
Key Takeaways
Solana (SOL) has recorded massive whale liquidations alongside Near Protocol (NEAR), while they face downturns, DTX Exchange attracts investors with its premier presale.
Learn more:
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
This news is republished from another source. You can check the original article here
