Solana’s $120M Vanishing Act: Is the Alpenglow Upgrade the Plot Twist Crypto Needs?

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The Solana token, ever the mercurial darling of the crypto salons, finds itself in a state of languid indecision this week. The price, like a debutante at her first ball, hovers uncertainly—$168 at last glance, having swooned a dramatic 8.7% from its monthly zenith. Yet, beneath this veneer of ennui, whispers of a golden cross pattern and the impending Alpenglow upgrade flutter through the drawing rooms of speculation.

Meanwhile, $120 million worth of SOL has made a discreet exit from exchanges, presumably to self-custody—one imagines these tokens slipping away in the night, clutching their pearls and muttering about “market volatility.” CoinGlass, that ever-watchful butler of blockchain affairs, reports $16 million in outflows this week alone, following last week’s $107 million exodus. In total, $123 million has tiptoed out the door in a fortnight, as if fearing an awkward encounter with bearish sentiment.

This mass migration is said to be a bullish omen—after all, nothing says “confidence” quite like hiding your valuables under the mattress. The exodus has even managed to counterbalance the $116 million that… well, let’s just say not every coin can resist the siren call of liquidity.

For further tales of intrigue and financial melodrama, do consult Coingape.com. And remember: in crypto, as in life, it’s always wise to keep an eye on the exits. 🚪💸

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2025-05-21 20:47