Summary
- Solana on-chain data revealed that two large wallets have recently shown selling activity.
- These wallets reportedly unstaked about 1,000,000 SOL and deposited 240,000 SOL onto Binance.
- Lookonchain noted that this movement could be a sell signal from institutions and whales.
According to Solana (SOL) on-chain data, two large wallets have recently shown signs of selling activity.
On the 30th (local time), Lookonchain stated on X, "Nine days ago, two large wallets (2dqEsM, E7TuGh) unstaked 1,000,000 SOL (worth approximately $139 million) and, over the last three days, have deposited 240,000 SOL (worth about $35 million) onto Binance."
Lookonchain suggested that this could be a sell signal from institutions and whales. Meanwhile, Solana is currently trading at $152.45 on CoinMarketCap, up 1.29% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
