Solana whale moves $1.2B in $SOL in minutes, hinting at massive investor movements and fueling Snorter Token’s presale.
A Solana whale carried out multiple transfers, totaling $1.2B in $SOL, between unknown wallets and Coinbase.
Whale Alert monitored the transfers as hundreds of thousands of $SOL moved between various addresses.
The largest transaction was worth $398.84M, involving 1,756,934 $SOL jumping wallets amid the frenzy.
This comes as $SOL is experiencing a bullish surge since Monday, rising 17% from $204 to $239.84. A breakout above $250 could trigger a strong buy signal, attracting even more investor interest.
Short-term, $SOL supports long-term buyers. Over time, the token’s performance attracts more investors to the Solana ecosystem and boosts projects like Snorter Token ($SNORT), which run on Solana.
Why Solana Could Set the Pace of the Market
Solana could lead the next altcoin season if investor excitement persists, attracting more wallets and pushing $SOL to a new all-time high.
The main driver is increasing institutional investments, with companies like Forward Industries setting an example. The company announced its first $1.65 billion Solana treasury strategy on Monday, which is also when $SOL began rising.
According to the official announcement:
‘Galaxy, Jump Crypto, and Multicoin will provide both capital and strategic support to help Forward Industries structure and execute its Solana treasury strategy, with the goal of positioning it as the leading publicly traded institutional participant in the Solana ecosystem’.
Then we have DeFi Development Corp., the company with the largest $SOL treasury, currently holding 2,027,817 tokens, according to CoinGecko data, which just bought another 192,141 $SOL.
This places it above companies like Upexi and Sharps Technology, both with treasuries of over 2M $SOL each.
The signs are clear: institutional interest ramps up, slowly inserting $SOL into the mainstream.
In this context, presales like Snorter Token ($SNORT) stand to benefit significantly from their connection to Solana and the utility of the express blockchain.
How Snorter Token ($SNORT) Makes Coin Hunting Fun and Rewarding
Snorter Token ($SNORT) makes coin hunting fun, rewarding, and more accessible to beginner traders.
Snorter Token’s Snorter Bot aims to solve the main issues with manual coin hunting: it’s unreliable, risky due to scams like rug pulls and honeypots, and too technically complex for new traders.
Snorter Bot addresses these issues by functioning exclusively in its Telegram chat, using scam detectors to identify suspicious projects, and providing all the tools you need to make your coin hunting easier.
Furthermore, Snorter Token can quickly target tokens within milliseconds after liquidity appears, making it more precise and efficient than top UIs like Raydium, Jupiter, and Pump Fun.
And because it only runs in its Telegram chat, centralizing all activity in one place, you no longer need to manage multiple wallets and browser extensions.
If, instead, you lack trading experience and seek guidance, you can rely on the Bot’s Copy Trading feature. This lets you mimic the successful strategies of more experienced traders to your benefit.
The Snorter Token presale has raised over $3.8M so far, with $SNORT available at the presale price of $0.1041.
Investing now ensures an early position in a project with significant long-term potential.
With Solana seeing more institutional adoption and mainstream attention, along with Snorter Bot’s blockchain utility, we expect $SNORT to steadily rise after launch.
So, check Snorter Token’s official presale page, read the official whitepaper to learn more details, and buy your $SNORT while it’s still affordable.
This isn’t financial advice. Do your own research (DYOR) and invest wisely.
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Krasimir Rusev is a journalist with many years of experience in covering cryptocurrencies and financial markets. He specializes in analysis, news, and forecasts for digital assets, providing readers with in-depth and reliable information on the latest market trends. His expertise and professionalism make him a valuable source of information for investors, traders, and anyone who follows the dynamics of the crypto world.
Source: https://coindoo.com/solana-whales-move-billions-of-dollars-and-snorter-token-can-surge/