Despite whale transfers, Solana prices soar and Meme Kombat pre-sales near the finish line.

Solana (SOL) experienced an impressive surge this week, reaching the $105 level despite large SOL transfers to centralized exchanges.

Even after the network suffered a severe outage on Monday, investors seem confident about Solana’s long-term prospects.

Along with Solana, pre-sale project Meme Kombat (MK) is also gaining steam as the development team prepares for the token’s highly anticipated listing on Uniswap.

Solana recovered 13% after a brief network outage.

After Monday’s outages created some selling pressure, SOL found strong support near the $95 level.

This critical support level prevented further declines and triggered a recovery on Tuesday morning.

From Tuesday’s low, Solana is up more than 13% to its current value, marking its third consecutive strong day.

Looking at the technical aspect, SOL has recovered the psychological $100 level and appears poised for further gains.

If the bulls can maintain above $100, they could continue their upward trend toward the January high of $117.

Further strengthening investor optimism is the 22% increase in spot trading volume over the past day. This puts SOL in sixth place in the world in terms of trader activity.

Additionally, the positive sentiment seen in the broader cryptocurrency market has helped SOL, with the Crypto Fear and Greed Index now firmly in “greed” territory.

Solana investors ignored massive SOL transfers to exchanges.

While large cryptocurrency transfers to exchanges often spark fears of an imminent sell-off and price drop, Solana investors appear to have scuttled three large trades this week.

According to cryptocurrency transaction tracker Whale Alert, more than 100,000 SOL worth $10.4 million were moved to Coinbase yesterday.

The previous day, two large batches totaling over 400,000 SOL, worth approximately $40 million, were transferred to Binance and Kraken in separate transactions.

Typically, such large on-chain flows to an exchange signify whales’ intention to liquidate their holdings, which creates downward pressure.

However, despite more than 500,000 SOL tokens moving to centralized exchanges this week, the price of Solana continues to rise.

This means investors are unfazed by the impact of a potential sell-off and expect further upside in SOL in the near term.

The strong fundamentals of the network, with upgrades planned for this year, appear to overshadow temporary fears of large wallet transfers.

As investor FOMO builds, Meme Kombat pre-sale moves closer to the finish line.

As investor enthusiasm for Solana continues to build, anticipation for cryptocurrency projects launching on other blockchains is growing.

One such example is Meme Kombat, a new meme coin and gaming platform on Ethereum that is currently nearing the finish line of its ongoing token presale.

Meme Kombat aims to combine the world of memes and cryptocurrency with an immersive PvP battle arena.

Gamers can use AI-powered visuals to select their Meme Coin mascot and bet on fights between them to earn more MK.

MK is the ecosystem’s native utility token, offering staking opportunities and betting capabilities of up to 111% APY.

Pre-sales for Meme Kombat have already raised over $8.4 million ahead of its final day, with just $1.6 million remaining before the hard cap is reached.

The development team, led by Matt Whiteman, has outlined an extensive roadmap for an official launch on the platform, including the launch of 11 famous meme characters from Season 1.

Future seasons will include new characters, game modes, and ways to earn MK Tokens.

Project Telegram and Twitter Interest in Meme Kombat continues to gain momentum in the community, which currently has a total of 31,000 members, with pre-sale nearing completion.

Interested investors can purchase MK tokens for $0.279 using ETH, USDT, or BNB during the pre-sale period.