Summary
- Stated that institutional investors' buying pressure for Solana (SOL) is continuing.
- Reported that FalconX withdrew an additional 118,190 SOL from Binance.
- Said the market interprets this move as an expansion of institutional demand.
Institutional investors' buying pressure for Solana (SOL) continues.
On the 18th (local time), LookonChain reported that FalconX withdrew an additional 118,190 SOL (about $28,390,000) from Binance 4 hours ago.
The continuous large-scale withdrawals indicate that institutions are accumulating for long-term holding rather than short-term trading. The market interprets this as institutional demand for Solana steadily increasing.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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