Summary
- Whale Alert reported that a large amount of Solana (SOL) was transferred from an anonymous wallet to Binance.
- The amount is said to reach about $441,410,000 (₩607.4 billion).
- Large-scale exchange deposits can result in increased selling pressure and may contribute to greater short-term volatility.
A large amount of Solana (SOL) has been deposited to Binance.
On the 2nd (local time), Whale Alert announced on X that "2,866,265 SOL were transferred from an anonymous wallet to Binance," adding, "This amounts to $441,410,000 (approximately ₩607.4 billion)."
Typically, large-scale deposits to exchanges may lead to increased selling pressure, which in turn can be a cause for short-term volatility.
As of 8:07 PM, Solana is trading at $153, up 1.31% from 24 hours ago, on the Binance USDT market.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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