According to crypto analytics firm Santiment, Solana (SOL) has achieved a notable milestone by surpassing $54 for the first time since May 2022. This price surge has been accompanied by a spike in discussion rates, suggesting increased mainstream attention. Santiment notes that Solana is showing signs of decoupling from other assets, with funding rates being high but not yet in a \u2018danger zone.\u2019<\/p>\n
Santiment\u2019s analysis also highlights increased whale activities on several major networks, including Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), and Cardano (ADA). These networks have seen whale transactions reaching six-month high levels. While there may be some profit-taking towards the week\u2019s end, Santiment suggests that this does not necessarily indicate imminent market tops.<\/p>\n
Ethereum has seen a significant increase in market value, jumping by 38% in four weeks. This growth is powered by an expansion in network activity, particularly among micro addresses holding less than 0.1 ETH, which recently surpassed over 100,000 wallets. Additionally, the 0.1-10 ETH and 10K+ ETH tiers are also showing growth.<\/p>\n
Polygon (MATIC) has also been making strides, with its price steadily rising back to $0.80 and its market cap increasing by 54% in just three weeks. Santiment reports that key wallets holding between 100K-10M MATIC have been actively accumulating, supporting this upward trend.<\/p>\n
Chainlink has continued its impressive surge, standing out in the crypto sector. Santiment observes that dormant tokens are now circulating, and wallets holding between 10K-10M LINK have historically been accumulating, contributing to Chainlink\u2019s sustained growth.<\/p>\n