The Solana (SOL) price rally continues to be unstoppable with another 17% rally and moving extremely close to $100<\/a>. As of press time, the SOL price is trading 17.15% up at $97.76 with a market cap of $41.7 billion.<\/p>\n In the latest 24-hour period, Solana (SOL) has experienced a notable surge of over 16%, reaching a market value of US$41.8 billion. This surge propels SOL ahead of Binance Coin (BNB), which stands at US$41.1 billion, securing SOL\u2019s position as the fourth-largest cryptocurrency by market capitalization.<\/p>\n <\/p>\n The robust performance is not limited to market capitalization alone; SOL\u2019s contract trading volume across the network has witnessed a substantial 32% increase, exceeding 10 billion. Additionally, the open interest in SOL contracts has reached 1.34 billion within the same timeframe, positioning Solana as the second-highest in open interest, trailing only behind Bitcoin (BTC) and Ethereum (ETH).<\/p>\n This remarkable growth underscores Solana\u2019s increasing prominence in the cryptocurrency market, signaling heightened investor interest and activity on the Solana blockchain. Also, as per the data<\/a> from DeFi Llama, the total value locked on the Solana blockchain has also surged past $1.3 billion. Just over the last two months, Solana has added more than $1 billion in TVL as Defi activity picks up.<\/p>\n <\/p>\n Solana has been on an unprecedented rally with its price up by 700% since the beginning of the year. Most of the gains came from mid-October as the Solana price jumped by 5 times over the last two months.<\/p>\n <\/p>\n Amid this massive run-up in a very short time, it seems that big players have been liquidating their supplies. Arthur Hayes, the co-founder of the crypto exchange BitMEX stated that he has been selling his SOL supply and purchasing Ethereum (ETH) instead.<\/p>\n In a playful confession, Hayes said that he received a divine message from God instructing him to dump SOL. Thus, he decided to part ways with $SOL and opted to acquire more of the popular cryptocurrency, Ethereum ($ETH). The playful confession was accompanied by a note indicating that the investor now holds $ETH valued at $5,000. While this revelation is likely tongue-in-cheek, it adds a whimsical touch to the ever-evolving narratives within the cryptocurrency community.<\/p>\n Fam \u2026 I have a confession to make.<\/p>\n I received a msg from the Lord while meditating. He said dump that Sam coin POS, and profess your love for Archangel Vitalik. <\/p>\n So I dumped $SOL<\/a>, and bot more $ETH<\/a>.$ETH<\/a> = $5,000<\/p>\n \u2014 Arthur Hayes (@CryptoHayes) December 22, 2023<\/a><\/p>\n<\/blockquote>\n <\/p>\n \u2713 Share:<\/p>\nSolana Flips BNB Coin for Fourth Spot<\/h3>\n
Big Investors Selling SOL?<\/h3>\n
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