Solana (SOL) and Sui (SUI) altcoins are edging higher on Monday, building on the weekend gains that followed the sell-off on Friday, which was triggered by geopolitical tensions in the Middle East.
Dogwifhat’s (WIF) price is in the process of reversing the trend upward, trading at around $1.00 on Wednesday. The Solana-based meme coin tested support at $0.92, following a rejection from the supply-rich zone at approximately $1.31 on May 12.
Solana (SOL) dropped to $142 on Tuesday despite DeFi Development Corporation's latest purchase of 82,404 SOL, raising its total holdings above 400,000 SOL. Likewise, Toronto-based company SOL Strategies also acquired $18 million worth of SOL at an average price of $148.96 per token.