AI Trading Platform Captures Whale Attention As Solana Loses Favor; Avalanche Unveils Game-Changing Upgrade

As part of its goal to give users efficiency, the Avalanche blockchain has an upcoming upgrade called Avalanche9000. In other news, an unknown crypto whale has dumped 695,000 SOL since the beginning of this year.

A large crypto whale has been observed to be selling Solana (SOL) tokens at a rapid pace since the beginning of 2024. According to data from Lookonchain, this unidentified whale, possibly an institutional investor, has sold over 695,000 SOL, which is currently valued at approximately $99.5 million.

Based on the selling activity, the whale appears to be selling an average of 19,306 SOL or $2.76 million per week. Despite the significant sell-off, the whale still holds a substantial amount of SOL, with a remaining balance of 1.88 million tokens. Meanwhile, Solana coin is displaying some positive momentum on the monthly chart.

Solana crypto is rising by 5.7% as its market trades sideways within the $50-$75 billion range. However, despite the uptrend, the cryptocurrency is trading below the 50-Day SMA ($155.19) and 200-Day SMA ($147.44).

Intel Markets (INTL) Attracts Large Investment as Whales Sell Solana Crypto

As whales are selling Solana crypto, they are showing interest in another new project for another round of investment. Intel Markets is currently conducting a presale, which has seen over $225k raised in its first week.

This gives an indication of the strong investor confidence and trust in Intel Markets' AI-powered trading platform. The platform is designed to enable users to trade cryptocurrencies efficiently using AI tools and advanced trading technologies. Additionally, they can benefit from features such as 1000x leverage and copy trading.

Being a dual-chain platform, Intel Markets can operate on both Solana and Ethereum blockchains. With these features, analysts are optimistic about Intel Markets and believe the value of its native token, INTL, will skyrocket in the coming months.

Avalanche (AVAX) Announces Upcoming Upgrade: Avalanche9000

In a recent tweet, the Avalanche team has announced the upcoming launch of a major network upgrade, called Avalanche9000. The testnet for this network upgrade is set to be released soon, according to the report.

This upgrade aims to make it economically viable for developers to launch Avalanche subnets. The update will also introduce customizable chains, which will reduce the time it takes for projects to get to market.

Meanwhile, the Avalanche crypto price is consolidating on the monthly timeframe between $18 and $28. It is yet to break the resistance at the 50-Day SMA ($24.61). Despite the bearish movement, the market cap of Avalanche coin is ranging between $7 billion and $12 billion.

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