Solana News Today: Solana Treasury Growth Surpasses 40% as Whales Boost Holdings

Solana's on-chain treasury activity has seen a significant uptick, with decentralized autonomous organizations (DAOs) and whale wallets increasing their holdings of SOL by over 40% in the past 30 days. This surge is attributed to new proposals aimed at funding dApps, marketing, and liquidity incentives, signaling a strategic focus on infrastructure development and user acquisition ahead of Q4 2024 [1]. SOL's price has responded favorably, trading above $180 and showing relative strength compared to other Layer 1 blockchains.

While Solana dominates the current narrative, XRP is gaining traction, especially in Asia, following Ripple’s expansion into South Korea. The asset has seen a spike in transaction volume, with whale interest increasing. Analysts are closely watching for a potential breakout above $0.70, with long-term optimism tied to growing institutional adoption in the region [1].

However, some investors are shifting their focus to presale-stage altcoins with early potential. MAGACOIN FINANCE, a meme coin in its presale phase, has attracted attention from whale investors and has already raised over $7.2 million. On-chain activity indicates multiple large wallet inflows, similar to patterns seen with tokens like PEPE, SHIBA INU, and FLOKI before their surges. The project’s roadmap includes plans for Tier 2 exchange listings and aggressive meme-driven marketing on platforms like X and Telegram [1]. Some speculative analysts suggest MAGACOIN FINANCE could see a 25x increase by the end of 2025, though this is a projection and not a certainty [1].

The evolving market dynamic highlights a growing interest in Solana’s ecosystem maturity, XRP’s global push, and early-stage meme coins like MAGACOIN FINANCE. As the altcoin landscape diversifies, the next bull run may be driven not only by established leaders but also by undervalued projects with strong community and whale backing [1].

Source: [1] Solana Treasury Race Intensifies—Are Whales Eyeing XRP and This Undervalued Gem Next? (https://en.bitcoinsistemi.com/solana-treasury-race-intensifies-are-whales-eyeing-xrp-and-this-undervalued-gem-next/)