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Whale Alert Adds Solana (SOL) to Its List of Supported Networks

Leading cryptocurrency whale tracking service Whale Alert has announced that it has gained access to cover large Solana-based transactions. Following the announcement, Whale Alert will report the movement of large amounts of SOL, USDT, and USDC on the Solana network. 

Whale Alert seized the opportunity to express gratitude to Alchemy Platform for providing the Solana node access. 

“We have added Solana to Whale Alert! Large transactions of #SOL, #USDT, and #USDC on Solana will now be reported. Big thank you to @AlchemyPlatform for providing us with Solana node access!” Whale Alert tweeted. 

The initiative will keep Solana community members updated with the latest large SOL, USDC, and USDT transactions happening on the network. 

Whale Alert Keeps Track of Large Crypto Movements

Whale Alert has been reporting large cryptocurrency transactions on several blockchains, including Bitcoin, Ethereum, BNB Chain, XRP Ledger, etc. 

Deep-pocketed cryptocurrency investors are seen moving huge volumes of digital currencies worth over $1b daily. With the addition of Solana, Whale Alert can report more of these large crypto movements made by these high-net-worth investors. 

Since Whale Alert made the announcement, the whale crypto tracking service has not shared any large transactions that occurred on the Solana network. 

Solana Rises From the Dust 

It bears mentioning that Solana was among the crypto assets that suffered the most following the collapse of FTX. Sam Bankman-Fried (SBF), the founder of FTX, was a huge supporter of the Solana ecosystem. He helped develop Serum, the first-ever order book deployed on the Solana blockchain. 

Following the collapse of FTX, it was uncovered that the exchange’s sister firm Alameda Research held $292M worth of SOL tokens and $863M in “locked SOL.” The news spread panic in the crypto community, prompting the token’s price to crash to a low of $8. 

In recent times, Solana seems to have regained people’s trust as the crypto asset continues to record tremendous feats. As reported earlier this month, Solana’s active address was 3x the size before the collapse of FTX. Additionally, TheCryptoBasic reported last week that SOL jumped over 45% in seven days.  

Interestingly, today’s announcement had a slight impact on the price of Solana. At the time of writing, Solana is changing hands at $24.30, up 5% in the past 24 hours. Over the past seven days, SOL has also soared over 20%. 

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