Solana whale buys $3.6M in SOL

• A dormant Solana whale bought 47,535 SOL worth about $3.6 million.
• The wallet had been inactive for nearly two years before the purchase.
• The whale previously made more than $20 million from Solana trades.

A dormant Solana (CRYPTO:SOL) whale bought 47,535 SOL worth about $3.6 million after nearly two years.

The wallet, identified by the prefix GvHYQQ, previously accumulated 291,790 SOL during market downturns in 2023.

The whale bought those tokens at an average price of $23.37, according to Lookonchain data cited by BitcoinWorld.

The wallet later sold 191,789 SOL at an average price of $128.36, generating more than $20 million in profits.

The latest purchase may attract attention from traders, but one transaction cannot predict Solana’s future price direction.

The report said whale activity can affect market sentiment and liquidity, particularly when large transactions occur.

The wallet owner remains anonymous, while broader market trends, network developments and economic conditions will also affect SOL.

At the time of reporting, Solana price was $75.62.