The Solana (SOL) market has increased activity over the past few days. Whales seem to be swimming on SOL shores. Over the last 24 hours, a whale has been aggressively gathering Solana, according to data from Solscan.
This particular whale address had acquired around $23 million worth of SOL, translating to 170,666 tokens. In addition, the Solana network’s daily active users reached 5.4 million earlier this week. According to data from Artemis, this is the most significant active address in history.
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Solana’s Recent Performance and Future Predictions
Whale Activity and Network Growth
Solana had an excellent year, recording a 645% increase throughout the past 12 months. The altcoin went from a low of $20 to a high of $200. At press time, SOL was experiencing a slight setback. As a result, the asset was trading at $131.55, following a 3% drop over the last 24 hours.
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Solana: 2030 Price Prediction
Solana hit an all-time high of $260 about three years ago. Currently, it is nearly 50% below this mark. According to data from Changelly, the price of Solana is estimated to surge to a high of $1,143 in the year 2030. The asset will reportedly dip to a low of $913 in the same year. Its average cost is expected to be around $946 during the year.
Factors Influencing Solana’s Future Price
This rise is way beyond the $260 peak the asset previously achieved. The increased whale activity and the spike in daily active addresses could benefit the asset’s potential rise.
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The process of reaching the above-mentioned price level could speed up if the network’s activity continues to increase.