Summary
- Whale investor 'CMJiHu' reportedly deposited 130,000 Solana (SOL) into multiple exchanges.
- A large-scale deposit into exchanges is interpreted as a signal that may increase the possibility of a short-term sell-off.
- Currently, Solana is trading at $208.5, up 4.89%.
A whale investor has deposited 130,000 Solana (SOL) into multiple exchanges.
According to Lookonchain on the 14th (local time), whale investor 'CMJiHu' deposited 130,000 SOL (worth approximately $26.45 million) into Binance, OKX, Bybit, and Gate.io.
Typically, the movement of such a large amount of cryptocurrency to exchanges can be interpreted as a signal indicating the possibility of short-term selling, attracting market attention. Meanwhile, Solana is currently on an upward trend, trading at $208.5 on CoinMarketCap, up 4.89% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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