Cryptocurrency
Solana Whales Begin Accumulation Spree Amid Predictions of SOL at $600

TL:DR;
- SOL’s price skyrocketed after Trump’s victory in the US elections to a new all-time high of $263 on November 23 but lost its momentum and is down by more than 11% since then.
- However, whales seem unfazed as they keep buying portions of the asset while analyst envision a massive rally that could push it to as high as $600.
SOL Whales Push the Buy Button
As mentioned above, Solana’s native token was among the biggest beneficiaries of Trump’s victory as it found a place among the top four altcoins at one point when it was in front of XRP and surpassed BNB. However, the roles have reversed, with XRP surging to the third spot, while Binance Coin took back the fifth earlier today after a historic rally to a fresh peak.
Solana, alongside other assets like BTC and DOGE, has remained on the sidelines for the past few weeks. SOL has been consolidating and trading about 10-12% away from its November 23 peak.
It seems large Solana investors have used this correction as an opportunity to increase their stash. Data from Lookonchain showcased several whale wallets that have withdrawn sizeable portions of the asset out of Binance and to cold storage – moves traditionally regarded as bullish for the underlying cryptocurrency as they reduce the immediate sell pressure.
Whales are accumulating $SOL!
In the past 24 hours, 4 whales withdrew 185,510 $SOL ($42.46M) from #Binance.
BnwZ…w6tR withdrew 100,010 $SOL($22.46M) from #Binance 16 hours ago.
CZwk…qjwN withdrew 46,103 $SOL($10.81M) from #Binance in the past 18 hours.
FxfH…T7wp… pic.twitter.com/AFBWA9NQch
— Lookonchain (@lookonchain) December 4, 2024
SOL Heading Toward $600?
Popular analyst IncomeSharks noted on December 2 that SOL’s price movements resemble the head and shoulders (H&S) pattern. They cautioned investors that there might be another retracement for SOL but indicated that the “good news is we are approaching Supertrend support,” which has held since October. SOL indeed bounced off from that level and now sits above $230.
$SOL – Pretty obvious H & S playing out. Just because you want price to go higher doesn’t mean sometimes it goes down first. Good news is we are approaching Supertrend support (green line). Has held this since October so good chance for a bounce soon. pic.twitter.com/iatYrkPHgM
— IncomeSharks (@IncomeSharks) December 2, 2024
Jelle was quite bullish on Solana, suggesting that its price could go as high as $600 during this cycle in case it manages to remain above the previous all-time high of around $225.
$SOL broke its previous ATH, and now forms a falling wedge right on top of the 25-day EMA.
Also retesting RSI midlevel.
Looks ready to resume price discovery soon.
My targets: $400-600. Send it. pic.twitter.com/lqX8Wcx8Ui
— Jelle (@CryptoJelleNL) December 3, 2024
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Cryptocurrency
MORI COIN (MORI) Explodes by 300% in a Day: The New Crypto Sensation or a Downright Scam?

TL;DR
- The price of the Solana-based meme coin skyrocketed after drawing massive attention across social media platforms.
- One trader turned $290 into $1.6 million but still holds the position – risky, as the valuation could crash just as fast. Moreover, the token lacks real utility, making the rally purely speculative.
The Impressive Jump
It’s a familiar sight in the meme coin sector: a token suddenly skyrocketing by double or even triple digits in a short period. Today’s best performer is the lesser-known MORI COIN (MORI), whose price has exploded by over 300% on a 24-hour scale, while its market capitalization has surged past $150 million.
The Solana-based asset is one of the top-trending cryptocurrencies on CoinGecko, and among the most talked-about on the social media platform X. Its rally is driven by considerable interest from traders.
Earlier today, Stalkchain estimated that MORI headed north due to a wave of fresh wallets that were “aggressively buying in.”
While the meme coin’s rally is undoubtedly impressive, investors contemplating whether to jump on the bandwagon should keep some important notes in mind. For one, MORI was launched by a notorious Russian YouTuber (with over 3.2 million followers) who allegedly runs a massive Darknet marketplace.
That said, many X users labeled the asset as one of the biggest scams in the crypto space. David Crypto Scam Hunter supports that thesis, albeit suggesting that further gains in the future are not out of the question.
⚠️⛔️$MORI
One of the biggest scams rn
It might go higher – why not?
But no doubt… it’s a massive scam
Update coming soon. https://t.co/idZMnn6MdK pic.twitter.com/u2BOo496HR
— David Crypto Scam Hunter (@CryptoScamHuntO) June 30, 2025
Besides its purported connection to a Dark Web marketplace, MORI lacks intrinsic value, and its price is driven purely by hype, speculation, and insider promotion. There’s also limited transparency regarding the token’s supply, developer wallets, or whale distributions. Its marketing strategy mirrors previous pump-and-dump schemes, which have caused crucial losses to investors in the past.
Early Birds Make Fortunes
Scam or not, MORI (just like many other meme coin that recorded massive gains in its early days) allowed savvy traders to generate substantial profits.
The X account, DexCheck AI, revealed the case of one person (or entity) who turned $290 into $1.6 million by investing in the token. As of this writing, the wallet still holds the position. This is a risky move, as a potential crash could wipe out the paper profits entirely. However, MORI’s bull run might still be in its early stages, and the fortune could potentially grow even larger in the coming days.
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Cryptocurrency
Bitcoin Taps $109K While Arbitrum Explodes by 15%: Market Watch

Bitcoin is starting the week with a test of the $108,000 level. The primary cryptocurrency also attempted to break above this level during the weekend but failed to do so.
Meanwhile, certain altcoins are charting notable gains, while the majority of the market is trading in the green.
Bitcoin Price Testing $108K
Bitcoin is seemingly attempting to break above the $108,000 level – something that it’s been trying to do for quite a while now. Unfortunately, at least up until this moment, the cryptocurrency has been unsuccessful in doing so. Today, however, it almost reached $109,000 before the sellers took the stage.
The most recent attempt comes amid news that the Japanese comapny MetaPlanet has made yet another Bitcoin buy worth some $108,000 and amid growing expectations that Michael’s Saylor’s Strategy will announce its own strategic purchase.
At the time of this writing, BTC’s price retraced to around $107,700 and it’s interesting to see if it will finally be able to break above this relatively narrow range that it’s been trading within for the past week.
Altcoins Mixed, ARB Rallies
Today’s heatmap is rather mixed with the majority of altcoins trading mostly flat. However, there’s an obvious exceeption to it all in the face of Arbitrum’s ARB token, that’s up 15% on the day. In fact, it soared by around 20% but has since retraced a little bit.
As CryptoPotato reported, the primary reason behind Arbitrum’s surge today is that there are some rumors that the popular retail-oriented trading app Robinhood might use the network to build its own protocol. Hours ago, the fintech comapny revealed that it will be conducting a fireside chat with Ethereum’s founder Vitalik Buterin and the CSO of Arbitrum’s Onchain Labs – A.J. Warner.
Other than ARB, the majority of other altcoins are trading relatively flat with PENGU, OP, and HYPE up by 3.5% in the past 24 hours – slightly ahead of the curve.
KAIA, Pi Network (PI), and Mantle (MNT), on the other hand, are the worst performers, down 6.1%, 5.4%, and 5.7%, respectively.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Cryptocurrency
Why is the Arbitrum (ARB) Price up Today?

TL;DR
- ARB spiked to a two-week high following a combination of rumors and positive factors.
- While some analysts believe it may rally even further in the short term, the RSI’s ratio of over 80 suggests an incoming pullback could be on the horizon.
The Top Performer
ARB, the native token of Arbitrum, has been the best-performing cryptocurrency from the top 100 club over the past 24 hours. Its price is up an impressive 20% for that timeframe, reaching $0.38 (per CoinGecko’s data).
Its market capitalization shot to almost $2 billion, thus flipping Official Trump (TRUMP), Render (RENDER), Filecoin (FIL), Algorand (ALGO), and other well-known altcoins. Currently, ARB is the 60th-largest cryptocurrency.
The most likely reason for the uptrend is the rumor that Robinhood might team up with Arbitrum to build a blockchain platform that enables European investors to trade US stocks. Just a few hours ago, the fintech company revealed it will conduct a “fireside chat” with Ethereum’s founder Vitalik Buterin and A.J. Warner (CSO of Onchain Labs – an entity that stands behind Arbitrum).
Another factor that may have positively impacted ARB’s valuation is the further support coming from Binance. The world’s leading crypto exchange recently announced it will add the trading pair ARB/USDC to its Trading Bots section, although this one is more on the speculative side and not as likely to have fueled any meaningful price change.
More Gains on the Way?
ARB’s surge has garnered attention across the cryptocurrency industry, with several analysts suggesting it may signal the start of a significant bullish trend. One X user envisioned a potential breakout of a certain trendline, which could send the price to $0.50 and beyond.
Crypto TA King thinks “ARB looks amazing” at its current levels, saying they will “take entry” if the valuation drops to the $0.32-$0.34 range.
Despite the prevailing optimism, investors should exercise caution because the token’s Relative Strength Index (RSI) has spiked above 80. This is generally viewed as bearish territory, as it indicates that the price has increased too rapidly in a short period and may be poised for a short-term correction.
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