Summary
- The transfer of a large amount of Solana (SOL) to Binance was revealed through Whale Alert.
- Large deposits to exchanges can lead to increased selling pressure and may increase short-term volatility.
- Solana is currently trading at $168.38, up 17.25% compared to 24 hours ago.
A large amount of Solana (SOL) has been transferred to Binance.
On the 2nd (local time), Whale Alert announced via X that "3,001,434 SOL has been transferred from an anonymous address to Binance," adding that "this amounts to $510.26 million (approximately 745.7 billion KRW)."
Typically, large deposits to exchanges can lead to increased selling pressure and may cause short-term volatility.
Previously, U.S. President Donald Trump had mentioned plans to include Solana in the U.S. strategic reserve assets.
As of 3:10 PM, Solana is trading at $168.38 on Binance's USDT market, up 17.25% compared to 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
