During the past week Solana (SOL) experienced intense whale accumulation which led to a rise in addresses holding more than 10,000 SOL from 4,943 to 5,019 while its price rose from $121.44 to $134.02.

Key Background. Solana’s stunning rally this year has headlined growth among a slew of so-called altcoins, or cryptocurrency alternatives to market leaders bitcoin and ether.

Solana’s native token, SOL (SOL), saw a 13.8% increase on Dec. 20, surpassing $82 for the first time since May 2022. This 33.5% rally over the past two weeks led SOL to overtake XRP (XRP) in ...