Dormant Solana Whale Returns, Buys $3.6M in SOL After Two-Year Hiatus

BitcoinWorld Dormant Solana Whale Returns, Buys $3.6M in SOL After Two-Year Hiatus A Solana whale address that had remained inactive for nearly two years has resurfaced, purchasing 47,535 SOL worth approximately $3.6 million, according to blockchain tracking platform Lookonchain.

The transaction marks a notable return for an investor who previously capitalized on Solana’s price swings in 2023.

Whale’s Historical Trading Pattern Lookonchain data reveals that the wallet, identified by the prefix GvHYQQ, accumulated a total of 291,790 SOL during market downturns in August and October 2023, when the average price was $23.37.

During the subsequent rally, the whale sold 191,789 SOL at an average price of $128.36, realizing profits exceeding $20 million. This recent purchase suggests a renewed interest in Solana, possibly reflecting confidence in the network’s current fundamentals or market conditions.