Big money is flowing into two cryptocurrencies, Solana (SOL) and Neiro on ETH (NEIRO), according to blockchain tracker Lookonchain.
Solana Surge
Three big investors, known as “whales,” have bought up nearly $35 million worth of Solana from Binance and Kraken in the past few days. They’re not just buying it, they’re also staking it, which means they’re locking it up for a period of time to earn rewards.
Solana is currently trading at $180, up 2.63% in the last 24 hours.
Neiro on the Rise
Meanwhile, new wallets have been accumulating millions of Neiro on ETH, a cryptocurrency described as “the official sister of DOGE.” These wallets have been buying Neiro from exchanges OKX and Gate.io.
Neiro on ETH is trading at $0.09177, down 13.1% in the last 24 hours. It has a market cap of $91.75 million, making it the 465th-largest cryptocurrency.
What does it mean?
It’s hard to say for sure why these whales are investing in Solana and Neiro. Some experts believe it could be a sign that these cryptocurrencies are gaining traction and attracting more attention from big investors.
However, it’s important to remember that the cryptocurrency market is highly volatile, and past performance is not necessarily indicative of future results. Investors should always do their own research and consult with a financial advisor before making any investment decisions.
