mysteriously

Nearly 1 million SOL moved
What’s next for SOL?

The crypto market is dumping, and whales have been spotted actively moving large amounts of tokens, fueling speculation among the crypto community. On-chain tracking platform Whale Alert has spotted another large crypto transfer involving substantial amounts of Solana on May 30.

Nearly 1 million SOL moved

According to the data source, the transfer saw a massive 999,998 SOL change hands among unknown wallets in a single transaction. Notably, this large transfer was worth about $161 million per SOL price at the time the transaction was executed.

The tokens were transferred by an unidentified sender with the wallet “36ZYBfaz2,” which has not been active for the last six months, to a mysterious destination that appears to be consistent in trading tokens.

Just as the identity of the parties behind this significant SOL movement remains unknown, the reason behind the transfer, which occurred amid the persisting market downturn, could not be ascertained either. Investors are particularly curious about large crypto transfers like this happening on a typically high-volatility day.

What’s next for SOL?

This massive transaction occurred when the broad crypto market was experiencing a massive downturn, with the price of leading cryptocurrencies crashing to previous lows.

Following this negative trend, SOL has also traded bearishly in recent days, projecting a notable decline of about 6% over the last day. This has seen SOL give back recent gains, trading at $158 as of press time—a level it last reached on May 5.

Source: CoinMarketCap

Amid this massive price dip, SOL has seen its trading volume surge to $4.47 billion, a substantial increase of 36.53% over the last 24 hours. Usually, when a substantial increase in trading volume accompanies a significant downturn in a token’s value, it signals massive sell activity from holders. This indicates that holders are actively moving notable amounts of tokens out of exchanges.

Thus, SOL’s trading pattern today suggests that the large SOL transfer witnessed earlier might be an attempt by a large investor to sell off a significant portion of their holdings.

While the potential performance of SOL remains uncertain, investors are optimistic that the massive market fall will be succeeded by another bull run, which could push the token toward a new high.

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Two very good skating games are back up for sale on Steam after disappearing for four months. Bright ‘n’ cheery skateboarding game OlliOlli World and dystopian rollerskate shooter Rollerdrome both vanished in a cloud of toxic corporate smoke in February this year, some time after the closure of the games’ developers Roll7. But it looks like the poisonous fumes have finally cleared, and the games are once again available.

It’s not clear why the games have been absent. But it is very likely the result of legal and business hullabaloo caused by parent company Take-Two Interactive last year. Come with me now on a dollar-burning trip through the wastes of global financial malignancy, as I tell a tale as old and stupid as time.

The original developers of the games, Roll7, were owned by publishers Private Division, who were in turn owned by merciless corpocolossus Take-Two Interactive. In May last year Private Division were sold off by their business daddy to a private equity firm, and the studio who actually made good games, Roll7, were unceremoniously shut down as a result. The CEO of Take-Two tried to deny this, but the effect on workers at both Roll7 and other Private Division studios (like the Kerbal Space Program 2 developers) was clear. They were all laid off.

It’s a disappointing, if familiar, tale. But the delisting of the games months after the sale and their reappearance this week is a weird afterword. On the Steam page for both games, 2K (Take-Two’s publishing moniker) are now listed as publisher. At the time of the sale, Take-Two said they were including all of Private Divisions “live and unreleased” games. But they now claim otherwise. 2K has “confirmed that neither Rollerdrome nor OlliOlli World were included in the Private Division sale, and that it is now the publisher of both games,” according to PC Gamer. Weird.

Whatever the dumbass legal reason that caused the games to disappear, it appears to be solved. Now you enter the realm of minor ethical dilemma: buy the games because they are excellent, or ignore them completely because the company who stands to profit fired everyone who worked on said bangers? Of course, other skulduggery is possible, as noted by at least two people who worked on the game. Do whatever you like, I can’t tell you what’s right. What do I know? I’m just the 21st best player of OlliOlli 2 (on PlayStation 4).

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$161,023,918 in Solana (SOL) Moved Mysteriously as Price Falls Deeper

Nearly 1 million SOL moved

What’s next for SOL?

Two of the best skating games are back on Steam after being mysteriously pulled from sale months ago