Solana: Massive Whale Transfer Coincides with Brave Partnership Announcement
An immense transfer of Solana (SOL) tokens, worth nine figures, took place between two unidentified wallets as Solana secured a collaboration with software giant Brave.
Blockchain tracking service, Whale Alert, reported the transfer of 7,981,517 SOL tokens worth approximately $184,488,088 at the time of the transaction. This caused the initial Solana wallet to become virtually depleted, with only a minimal amount of 0.002 SOL remaining.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 7,981,517 #SOL (184,488,088 USD) transferred from unknown wallet to unknown wallethttps://t.co/AXeJUHxFFn
— Whale Alert (@whale_alert) February 7, 2023
This significant transfer occurred as Solana announced its partnership with Brave, bringing Solana DApp support to the iOS and Android versions of the Brave browser.
Brave users can now access Solana DApps through Brave’s inbuilt cryptocurrency wallet without leaving the browser, a feature praised by Amelia Daly, Head of Partnerships at Solana Foundation, who stated that this integration is significant as it provides users with browser-based connections to Solana programs that are optimized for mobile use.
Brave CEO and co-founder Brendan Eich commented on the integration, stating that Brave is becoming the preferred browser for the Web3 world, and with the inclusion of Solana DApp support on mobile, they aim to extend their reach to another group seeking quick and user-friendly ways to use their cryptocurrency on the go.
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Brave initially revealed plans to integrate with Solana in late 2021 but held back on providing details.
As of writing, the value of SOL has risen nearly 200% from its low last month and is currently trading at $23.35. The value of Brave’s native token, Basic Attention Token (BAT), has increased 52% in the last month and is currently valued at $0.29.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
