Lookonchain shared that two whales deposited massive amounts of SOL to Binance.
In just the past 24 hours, SOL’s price dropped by over 10%, which left it trading at $59.11.
Should traders manage to pull SOL’s price below $56.95, the altcoin’s price could fall to the subsequent mark of $47.60.
Lookonchain reported on X that two whales deposited massive amounts of Solana (SOL) to exchanges. First, a whale unstaked 505,034 SOL, worth $31.7 million, after which he deposited 505,000 tokens to Binance. This whale still has about 2.9 million SOL staked, according to the post.
Just a few hours later, another whale unstaked 2.16 million SOL, worth $128 million, and transferred 1.3 million tokens. Out of the unstaked tokens, the whale deposited 312,868 SOL to Binance. The deposited SOL was worth approximately $18.56 million. Lookonchain also revealed that the whale still holds 863,000 …
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